PCCI & Indonesian chamber to facilitate more investments & trade

Manila – The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest business organization and “Voice of Philippine Business”, and the Indonesian Chamber of Commerce (Kadin), the sole business organization of Indonesia, have signed a memorandum of understanding to promote cooperation and partnership for a dynamic development of trade and investments between the Philippines and Indonesia.

The MOU was signed by PCCI president George T. Barcelon and Kadin chairman Rosan P. Roeslani, head of the Indonesian business delegation that attended a conference of the ASEAN Business Advisory Council last April 28.

Under the MOU, both chambers will work to further enhance existing relations through cooperation in trade investment and economic development. Both will encourage, promote and facilitate the exchange of missions, participate and organize trade fairs, exhibitions, conferences, and seminars.

They also will share market information and market intelligence, and support the maritime connectivity of Davao/General Santos and Bitung through the Roll-On-Roll-Off network and encourage companies to make use of the roro connectivity for the trade of products and commodities as well as cooperation for investments and tourism.

CACCI Vice President Rifat Hisarciklioglu Re-Elected TOBB President

2018-05-24

Ankara – Mr. Rifat Hisarciklioglu was recently re-elected President of The Union of Chambers and Commodity Exchanges of Turkey (TOBB). Mr. Hisarciklioglu, who is concurrently Vice President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), became TOBB President for the next four years, after having been re-elected unanimously during the 74th General […]

CACCI Vice President Rifat Hisarciklioglu Re-Elected TOBB President

Ankara – Mr. Rifat Hisarciklioglu was recently re-elected President of The Union of Chambers and Commodity Exchanges of Turkey (TOBB).

Mr. Hisarciklioglu, who is concurrently Vice President of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), became TOBB President for the next four years, after having been re-elected unanimously during the 74th General Assembly held at TOBB Economics and Technology University. Elected TOBB President for the first time on June 16th, 2001, Mr. Hisarciklioglu will perform this task for the fifth time.

In his congratulatory letter to the newly re-elected TOBB President, CACCI President Mr. Jemal Inaishvili said: “Given your long and extensive business experience, your exemplary achievements in various fields, your wide network of friends and associates in the business communities not only in the Asia-Pacific region but globally as well, and your strong and unwavering commitment to the chamber movement, you are certainly in the best position to once again lead TOBB towards its goal of promoting the interest of its members and fostering the growth and development of your country’s economy. I am sure you will continue to build on your past accomplishments at the helm of TOBB and bring the organization to an even higher level of influence.”

CIS-BCCI signs E-Commerce Trade Agreement with 50 Countries

2018-05-09

Dhaka – The Commonwealth of Independent States-Bangladesh Chamber of Commerce & Industry (CIS-BCCI) has signed e-commerce trade agreement with 50 countries, a press release of the business body said. The release said CIS-BCCI and the global business platform ‘Qoovee’ had a meeting on the prospect of establishing business relations of Bangladeshi businessmen in CIS countries […]

CIS-BCCI signs E-Commerce Trade Agreement with 50 Countries

Dhaka – The Commonwealth of Independent States-Bangladesh Chamber of Commerce & Industry (CIS-BCCI) has signed e-commerce trade agreement with 50 countries, a press release of the business body said.

The release said CIS-BCCI and the global business platform ‘Qoovee’ had a meeting on the prospect of establishing business relations of Bangladeshi businessmen in CIS countries at CIS-BCCI Chamber in Dhaka on May 9, 2018. An agreement was signed after the meeting.

Qoovee.com is a global online business platform where the wholesale products or service suppliers and buyers meet to trade. It is one of the top 10 B2B platforms in the CIS region that has more than 15,00,000 visitors per month.

It was decided at the meeting that CIS-BCCI will be co-organiser of global online expo organised by Qoovee which will be held from 2 April to 9 July 2019.

The meeting also decided that Qoovee online platform will be used by CIS-BCCI members involving buyers and suppliers and Qoovee will act as a guarantee regarding assurance of buyer’s-seller’s payment. It also decided that CIS-BCCI will be Qoovee’s valid representative in Bangladesh.

The cooperation agreement was signed by CIS-BCCI president Habib Ullah Dawn and Qoovee founding president Turat Bulembayev.

CIECA Organizes the 2018 ICC-CIECA Business Forum in Taipei

2018-04-16

Taipei – The Chinese International Economic Association (CIECA), CACCI Primary Member in Taiwan, organized the ICC-CIECA Business Forum on April 16, 2018 in Taipei, that featured Mr. Philip Kucharski, Chief Operating Officer of the International Chamber of Commerce (ICC), as Keynote Speaker. Mr. Kucharski made a presentation on the ICC – its mission and its activities […]

CIECA Organizes the 2018 ICC-CIECA Business Forum in Taipei

Taipei – The Chinese International Economic Association (CIECA), CACCI Primary Member in Taiwan, organized the ICC-CIECA Business Forum on April 16, 2018 in Taipei, that featured Mr. Philip Kucharski, Chief Operating Officer of the International Chamber of Commerce (ICC), as Keynote Speaker.

Mr. Kucharski made a presentation on the ICC – its mission and its activities aimed at expanding international trade, representing business, and promoting peace and prosperity. He informed the 30 participants who joined the Forum that the ICC was founded in 1919 by a handful of entrepreneurs who wanted to form an organization “that would represent business everywhere and bring economic prosperity around the world” . Today, the 13 ICC commissions comprising experts from the private sector cover specialized fields of immediate concern to international business. Subjects range from banking techniques to taxation, from competition law to intellectual property rights, telecommunications and information technology, from transport, environment and energy to international investment and trade policy.

Mr. Kucharski identified areas where ICC would like to work more closely with the ICC national committees and other chambers of commerce in the Asian region – particularly those in Taiwan – to help achieve its objectives.

CACCI members invited to Ulaanbaatar Trade Fair

2018-03-25

Ulaanbaatar – Ulaanbaatar Partnertship, Annual International Trade Fair is the largest trade fair in Ulaanbaatar, Mongolia with the great variety of exhibits and the most onsite deals. An annual 5-day session from Sep 7 to 10 Ulaanbaatar, Trade Fair of UBP is co-organized in collaboration with the Mayor Administration of Ulaanbaatar city and MNCCI. The […]

CACCI members invited to Ulaanbaatar Trade Fair

Ulaanbaatar – Ulaanbaatar Partnertship, Annual International Trade Fair is the largest trade fair in Ulaanbaatar, Mongolia with the great variety of exhibits and the most onsite deals. An annual 5-day session from Sep 7 to 10 Ulaanbaatar, Trade Fair of UBP is co-organized in collaboration with the Mayor Administration of Ulaanbaatar city and MNCCI.

The purpose of the trade fair is to present commodity products and services of domestic and foreign enterprise promoting its business between interested parties.

The Ulaanbaatar Partnership – 2017, International Trade Fair was held at Misheel Expo Center, from September 7 to 10, 2017, with over 110 standard booths at the exhibition area of 2750 square metre exhibited 100 enterprises’ products of Food, Textile, Light Industry, Arts and other industries. Overseas exhibitors from many countries such as Republic of Poland, Russian Federation, Democratic People’s Republic of Korea, Taiwan 12,000 visitors and customers. The exhibition was focusing on international standards of import brands and demonstrated innovative solutions of technology.

During the Ulaanbaatar Partnership Trade Fair we organize various business meetings like B2B, consultation etc. Meanwhile, UBP facilitates their business talks concerning transactions, investment and various kinds of cooperation. We are kindly inviting visitors and exhibitors from all over the world.

FICCI issues latest edition of Financial Foresights

2018-03-18

New Delhi – The Financial Sector team of the Federation of Indian Chambers of Commerce and Industry has released the latest edition of FICCI’s quarterly publication – Financial Foresights. The issue focuses on ‘The Insolvency and Bankruptcy Code’ and presents insightful write-ups contributed by industry leaders and experts in this domain. The passage of the […]

FICCI issues latest edition of Financial Foresights

New Delhi – The Financial Sector team of the Federation of Indian Chambers of Commerce and Industry has released the latest edition of FICCI’s quarterly publication – Financial Foresights. The issue focuses on ‘The Insolvency and Bankruptcy Code’ and presents insightful write-ups contributed by industry leaders and experts in this domain.

The passage of the Code is a landmark step forward from the earlier regime when there was no organised resolution process and different stakeholders approached different forums to resolve the issue. Now there is a unified law with the help of which this problem can be addressed in a systemic and in a time bound manner. Although the law is still in its nascent stage, one can say that the Code is a game changer and a paradigm shift in the laws relating to Insolvency. The pro-activity in implementation of the Insolvency and Bankruptcy Code sends a clear message that resolving NPA issue is a priority for the Government.

While the Code will have several positive impacts in the years to come, it is also essential that shortcomings are corrected so that there are no impediments to its implementation. This kind of a facilitative regime will not only improve business sentiment, but will improve the ease of doing business in the country.

This issue of Financial Foresights has attempted to outline reforms for strengthening the bankruptcy framework leading to a successful implementation of the Code.

IFFA to hold International forum of grains, oilseeds and related products

2018-01-20

Tehran – The Iranian Federation of Food Associations (IFFA), with the support of Iran Agricultural Ministry and Iran/Tehran Chamber of Commerce, will hold “International forum of grains, oilseeds and related products” on May 7-8, 2018 in Tehran IRIB International Conference Center. The two-day forum focuses on the market developments. It offers an excellent environment for discussions […]

IFFA to hold International forum of grains, oilseeds and related products

Tehran – The Iranian Federation of Food Associations (IFFA), with the support of Iran Agricultural Ministry and Iran/Tehran Chamber of Commerce, will hold “International forum of grains, oilseeds and related products” on May 7-8, 2018 in Tehran IRIB International Conference Center.

The two-day forum focuses on the market developments. It offers an excellent environment for discussions of trends in agricultural market, supports development of business strategies in a rapidly changing world, and provides great opportunities to contact producers and buyers of grains and oilseeds.

The target participants include agricultural holdings, suppliers of raw materials, heads of private sector, traders of grains and oilseeds, representatives of governing bodies and authorities, financial institutions, potential creditors of projects, heads of domestic and foreign enterprises and suppliers of equipment and technologies, international and national experts and others. More than 700 representatives are expected to participate in the event.

Alegria Sibal-Limjoco Takes the Reins of PCCI

2018-01-01

Manila – Mrs. Alegria Sibal-Limjoco has been elected President of the Philippine Chamber of Commerce and Industry (PCCI) effective January 1, 2018. Mrs. Sibal-Limjoco is only the second woman to hold the position. Coming from a life of helping small retail stores branch into franchises, Mrs. Sibal-Limjoco said she would focus her two-year term as PCCI […]

Alegria Sibal-Limjoco Takes the Reins of PCCI

Manila – Mrs. Alegria Sibal-Limjoco has been elected President of the Philippine Chamber of Commerce and Industry (PCCI) effective January 1, 2018. Mrs. Sibal-Limjoco is only the second woman to hold the position.

Coming from a life of helping small retail stores branch into franchises, Mrs. Sibal-Limjoco said she would focus her two-year term as PCCI president on helping out the small players in the business community.She also said she wanted to continue the work done by her predecessors, the most recent being Mr. George Barcelon.

But on top of the chamber’s past projects, the new PCCI President wants to focus on MSME development, and even help K-12 students find better internship opportunities with PCCI member-companies.

Mrs. Sibal-Limjoco, who was a member of the PCCI board of directors for years, is taking the helm of the organization at a time when the business landscape in the Philippines is expected to change dramatically. All of these changes — from new taxes to more foreign companies jostling with small Filipino firms — await her in the year ahead and she is expected to be more than ready to meet the challenges.

Sri Lanka – Russia Business Council holds 14th Annual General Meeting

2017-12-08

Colombo – The 14th Annual General Meeting (AGM) of the Sri Lanka – Russia Business Council (SLRBC) of the Ceylon Chamber of Commerce was held recently, electing Priyantha Hapuarachchi as President for 2017/2018 who is the Chief Financial Officer at South Asia Textile Industries Lanka (Pvt) Ltd. Buddhapriya Ramanayake, Director, Mos Lanka Investments (Pvt) Ltd […]

Sri Lanka – Russia Business Council holds 14th Annual General Meeting

Colombo – The 14th Annual General Meeting (AGM) of the Sri Lanka – Russia Business Council (SLRBC) of the Ceylon Chamber of Commerce was held recently, electing Priyantha Hapuarachchi as President for 2017/2018 who is the Chief Financial Officer at South Asia Textile Industries Lanka (Pvt) Ltd. Buddhapriya Ramanayake, Director, Mos Lanka Investments (Pvt) Ltd and Buddhika Liyanage, Director, Avian Technology (Pvt) Ltd were elected as Vice Presidents.

His Excellency Yuri Materiy, the Ambassador of Russia to Sri Lanka, graced the meeting as a Chief Guest while the Ambassador of Sri Lanka to Russian Federation H. E. Dr. Saman Weerasinghe was the Guest of Honor at the AGM.

Colombo – The Ceylon Chamber of Commerce (CCC) in collaboration with International Trade Center (ITC) recently conducted a workshop through a train-the-trainer methodology to create awareness among the private sector on the latest WTO Trade Facilitation Agreement. The two-day work shop conducted in Colombo early October was aimed at helping businesses, especially the local SME sector, to […]

Colombo – The Ceylon Chamber of Commerce (CCC) in collaboration with International Trade Center (ITC) recently conducted a workshop through a train-the-trainer methodology to create awareness among the private sector on the latest WTO Trade Facilitation Agreement.

The two-day work shop conducted in Colombo early October was aimed at helping businesses, especially the local SME sector, to understand the terms, potential benefits and practical use of each of the technical measures of the new Agreement and to equip them to contribute to the design, implementation and monitoring of the Trade Facilitation potential implementation choices.

The training session was delivered by ITC trained national consultants sourced by the Ceylon Chamber of Commerce.

WTO members concluded negotiations at the 2013 Bali Ministerial Conference on the landmark Trade Facilitation Agreement (TFA), which entered into force on 22 February 2017 following its ratification by two-thirds of the WTO membership, operationalizing the Agreement on Trade Facilitation is a path to internationalization, which will allow them to access international value chains at lower cost and at greater speeds. Sri Lanka is a signatory and has agreed to undertake many trade facilitation reforms.

Sri Lanka- Singapore Business Council of Ceylon Chamber successfully concludes a business mission to Singapore

2017-12-06

Singapore – The Sri Lanka-Singapore Business Council of Ceylon Chamber of Commerce successfully concluded a 26-member business mission to Singapore held on November 8-10, 2017. The three-day mission was organized in collaboration with the International Enterprise Singapore; the Government Agency driving Singapore’s external economy and promoting the overseas growth of Singapore-based enterprises and international trade, supported […]

Sri Lanka- Singapore Business Council of Ceylon Chamber successfully concludes a business mission to Singapore

Singapore – The Sri Lanka-Singapore Business Council of Ceylon Chamber of Commerce successfully concluded a 26-member business mission to Singapore held on November 8-10, 2017.

The three-day mission was organized in collaboration with the International Enterprise Singapore; the Government Agency driving Singapore’s external economy and promoting the overseas growth of Singapore-based enterprises and international trade, supported by Singapore Business Federation; the Apex Business Chamber in Singapore with over 18,000 members and in association with the Sri Lankan High Commission in Singapore.

The activities included a Seminar attended by some 100 participants from various industry sectors, one-on-one business meetings between the representatives of the Singapore companies and the Sri Lankan delegates, as well as with the opportunity for the Singaporeans to interact with the officials of the Board of Investment of Sri Lanka and clarify matters relating to potential investments.

The Delegation also participated in a series of meetings at the Singapore Indian Chamber of Commerce & Industry (SICCI) which provided them an opportunity to network with the senior officials and members.

Hanoi – Mrs Lee Ju Song, Executive Director, ICC Asia, successfully conducted meetings and seminar on Steps to be taken for the Implementation of the ATA Carnet System in Vietnam. Held on October 31 – November 4, 2017 on Hanoi, the five-day sessions were attended by about 40 Senior Vietnam Customs and VCCI Certification Staff […]

Hanoi – Mrs Lee Ju Song, Executive Director, ICC Asia, successfully conducted meetings and seminar on Steps to be taken for the Implementation of the ATA Carnet System in Vietnam. Held on October 31 – November 4, 2017 on Hanoi, the five-day sessions were attended by about 40 Senior Vietnam Customs and VCCI Certification Staff designated to implement the ATA Carnet System in Vietnam.

The interactive Seminar and meetings focused on the steps to be taken by the Vietnamese Government, the Vietnamese Customs, and the Vietnam Chamber of Commerce and Industry (VCCI) for the early implementation of the ATA Carnet System.

Mrs. Lee urged the early implementation of the ATA Carnet System by Vietnam since the System is the International “Passport to World Trade” as it allows the effective and speedy clearance of goods by Customs. It is an indispensable marketing tool to have in helping businesses to successfully develop their export capabilities and enabling them to have successful business trips as well as smooth participation in trade fairs and missions, Mrs. Lee told the participants.

FICCI Invites CACCI Members to its Annual Banking Conference in Mumbai

2017-10-25

Bombay – The Federation of Indian Chambers of Commerce and Industry (FICCI) and the Indian Banks Association (IBA) are jointly organising FIBAC – an annual banking conference – on 6th and 7th November, 2017 at Hotel Trident, Nariman Point, Mumbai, India with the Boston Consulting Group (BCG) as its Knowledge Partner. The theme of the […]

FICCI Invites CACCI Members to its Annual Banking Conference in Mumbai

Bombay – The Federation of Indian Chambers of Commerce and Industry (FICCI) and the Indian Banks Association (IBA) are jointly organising FIBAC – an annual banking conference – on 6th and 7th November, 2017 at Hotel Trident, Nariman Point, Mumbai, India with the Boston Consulting Group (BCG) as its Knowledge Partner. The theme of the conference is ‘Finance in Digital Era: Navigating the knowns and unknowns.”

Building on the discussions that have taken place over the last few years and in light of the significant changes being seen in India particularly in the realm of the digital economy, this year’s conference would be focusing on the new frontiers for digital banking and other pertinent topics like consolidation, turnaround management, pricing etc.

CACCI Members invited to Match4Industry Event in Kocaeli

2017-10-24

Kocaeli – The Kocaeli Chamber of Industry is inviting CACCI members to participate in its Match4Industry event that will take place on 2-3 November 2017 in Kocaeli, Turkey. Match4Industry is part of “Doing Business Onsite”, a unique concept in matchmaking events that offer meetings held in company premises as well as the main event site. […]

CACCI Members invited to Match4Industry Event in Kocaeli

Kocaeli – The Kocaeli Chamber of Industry is inviting CACCI members to participate in its Match4Industry event that will take place on 2-3 November 2017 in Kocaeli, Turkey.

Match4Industry is part of “Doing Business Onsite”, a unique concept in matchmaking events that offer meetings held in company premises as well as the main event site. Visits to leading automotive companies will be available as optional programmes, offering the participants a chance to observe Kocaeli’s business environment at first hand. There will be a dedicated area to accommodate face to face meetings between prospective partners. This year’s event is expected to attract 350 exhibitors and some 40,000 visitors.

Colombo – The Sri Lanka-Pakistan Business Council of the Ceylon Chamber of Commerce hosted recently a delegation from the Lahore Chamber of Commerce and Industry (LCCI). LCCI is the oldest and largest trade body in Pakistan with strong credentials having a large membership base standing around 20 thousand members. Led by Senior Vice President Mr […]

Colombo – The Sri Lanka-Pakistan Business Council of the Ceylon Chamber of Commerce hosted recently a delegation from the Lahore Chamber of Commerce and Industry (LCCI).

LCCI is the oldest and largest trade body in Pakistan with strong credentials having a large membership base standing around 20 thousand members. Led by Senior Vice President Mr Amjad Ali Jawa, the LCCI delegation consisted of representatives from the pharmaceuticals, IT and beauty Sectors.

The Sri Lanka-Pakistan Business Council organized a Business Forum during which both sides discussed the relationship the two countries enjoy and the possible opportunities that exist. The Business Forum ended with B2B meetings between members of the two sides.

New Lifetime Special Member from Bangladesh Visits CACCI Secretariat

2017-10-06

Taipei – Mr. Md. Gias Uddin Bhuiyan, Managing Director of Shan Sabil (BD) Ltd. from Bangladesh, met with executives of the CACCI Secretariat during his recent visit to Taipei on September 26. Mr. Bhuiyan, who frequently travels to Taipei because of his various businesses, discussed with the CACCI executives his desire to take a more […]

New Lifetime Special Member from Bangladesh Visits CACCI Secretariat

Taipei – Mr. Md. Gias Uddin Bhuiyan, Managing Director of Shan Sabil (BD) Ltd. from Bangladesh, met with executives of the CACCI Secretariat during his recent visit to Taipei on September 26.

Mr. Bhuiyan, who frequently travels to Taipei because of his various businesses, discussed with the CACCI executives his desire to take a more active part in CACCI activities following his recent admission as new Lifetime Special Member of CACCI.

A member of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), Mr. Bhuiyan also attended the 31st CACCI Conference and 10th World Chambers Congress held on September 18-21, 2017 in Sydney, Australia.

Tajikistan pavilion won first place in Astana Expo 2017

2017-09-15

Astana – The Pavilion of the Republic of Tajikistan won first place in the International Specialized exhibition “Astana EXPO-2017” in category “The best disclosure of the theme and content” among joint pavilions on September 9, 2017 in the ENERGY lobby of the EXPO-2017. The international jury from 9 experts in the field of exhibitions, architecture […]

Tajikistan pavilion won first place in Astana Expo 2017

Astana – The Pavilion of the Republic of Tajikistan won first place in the International Specialized exhibition “Astana EXPO-2017” in category “The best disclosure of the theme and content” among joint pavilions on September 9, 2017 in the ENERGY lobby of the EXPO-2017.

The international jury from 9 experts in the field of exhibitions, architecture and the international exhibitions, selected winners among the pavilions of participating countries at EXPO 2017. Awards were awarded in two nominations: exhibition design and disclosure of the theme of the Exhibition. 115 national pavilions and 22 pavilions of the international organizations which have presented modern technological developments in the field of alternative energy sources applied for honorary international rewards. Among the joint pavilions in the category of DESIGN OF EXHIBITION, bronze was awarded to the Plaza of Latin America, silver to the Pacific Plaza and Gold to the Plaza of the Caribbean Community. In the category of REVELATION OF THE EXHIBITION THEME, bronze is awarded to Ukraine, silver to the Republic of Ghana and gold to the Republic of Tajikistan.

Sharif Said, General Commissioner of the Exposition of the Republic of Tajikistan at the International specialized exhibition EXPO-2017 and Chairman of the Chamber of Commerce and Industry of the Republic of Tajikistan said “It is a worthy gift on the day of celebration of the 26th anniversary of the state independence of the Republic of Tajikistan and confirmation of the world recognition of globally significant water initiatives of the The Founder of Peace and National Unity, Leader of the Nation, President of the Republic of Tajikistan, His Excellency Emomali Rahmon.”

The Tajikistan delegation thanked the Government of the Republic of Tajikistan, the Organizing Committee for preparation and participation of the Republic of Tajikistan at the International Specialized Exhibition EXPO-2017 in the city of Astana of the Republic of Kazakhstan under the Government of the Republic of Tajikistan, the Working Group on preparation of the Exposition of the Republic of Tajikistan under the General Commissioner, Directorate of the Exposition of the Republic of Tajikistan, the Chamber of Commerce and Industry organizations, media workers, the diplomatic corps of the Republic of Tajikistan and the Republic of Kazakhstan for the help and assistance in the preparation of our Exposition and the work of the Pavilion of the Republic of Tajikistan during the exhibition.

The Pavilion of the Republic of Tajikistan at the international specialized exhibition EXPO-2017 was visited more than 400 thousand people, including official delegates from Tajikistan, Kazakhstan, Switzerland, Japan, Russia, China, Argentina, France, Italy, Czech Republic, United Kingdom, USA, Germany, United Arab Emirates, Qatar, Belarus, Kyrgyzstan, Afghanistan, Pakistan, Saudi Arabia, South Korea, Ukraine, Armenia, Malaysia, Bangladesh, Uzbekistan, Mexico, the Netherlands, Finland, Lithuania, Poland, Spain, etc., as well as representatives of international organizations of the Shanghai Cooperation Organization, Asian Development Bank, United Nations, United Nations Development Programme, European Bank for Reconstruction and Development, Silk Road Association, World Club of Commissioners, International Association of Garden Manufacturers, representatives of foreign and domestic media, etc.

Pakistan International Trade Fair (PITF) in Karachi from 26-29 October 2017

2017-09-15

Karachi – The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) is organizing the Pakistan International Trade Fair (PITF) from 26 to 29 October 2017. To be held at the Expo Centre in Karachi, it will be the first ever trade exhibition of its kind in Pakistan. Organized by the FPCCI, the four-day event […]

Pakistan International Trade Fair (PITF) in Karachi from 26-29 October 2017

Karachi – The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) is organizing the Pakistan International Trade Fair (PITF) from 26 to 29 October 2017. To be held at the Expo Centre in Karachi, it will be the first ever trade exhibition of its kind in Pakistan.

Organized by the FPCCI, the four-day event is expected to provide great opportunities to the world’s potential companies to showcase their products andconduct B2B and B2C. The exhibition will be inaugurated by very important persons of Pakistan. Besides, it is also a general trade fair where regional pavilions will also be established besides the international pavilion.

The FPCCI will set up a separate CACCI pavilion in which brands of CACCI member chambers will be accommodated. Attached herewith, for your perusal, are the official invitation, event brochure and exhibit space reservation form. For more information on the Trade Fair, interested parties are encouraged to visit the event website at: http://www.pitfexpo.com/

23rd Annual General Meeting of Sri Lanka – Malaysia Business Council

2017-08-04

Colombo – The Sri Lanka – Malaysia Business Council was inaugurated on February 23, 1994 under the aegis of the Ceylon Chamber of Commerce at the request of the Ministry of Foreign Affairs and the Board of Investment of Sri Lanka. The main objective of this Council is to promote joint ventures in trade, tourism […]

23rd Annual General Meeting of Sri Lanka – Malaysia Business Council

Colombo – The Sri Lanka – Malaysia Business Council was inaugurated on February 23, 1994 under the aegis of the Ceylon Chamber of Commerce at the request of the Ministry of Foreign Affairs and the Board of Investment of Sri Lanka. The main objective of this Council is to promote joint ventures in trade, tourism and services between Sri Lanka and Malaysia.

The 23rd Annual General Meeting of the Council was held on 19th July 2017 at the Hilton Colombo Residences and the Chief Guest was His Excellency Wan Zaidi Wan Abdullah, High Commissioner of Malaysia in Sri Lanka, who is also the Patron of the Sri Lanka – Malaysia Business Council. His Excellency Dato Seri Utama Dr. S. Samy Vellu, Special Envoy with Ministerial Rank to India and South Asia for Infrastructure graced this occasion as the Guest of Honour.

The Office Bearers for year 2017/2018 was unanimously elected as follows:

Mr. Iqram Cuttilan, Director/ Chief Operating Officer – Aitken Spence Shipping Ltd was elected as the President of the Sri Lanka – Malaysia Business Council and Mr. Keerthi Jayasuriya Chairman/ CEO – International Scholar Educational Service Pvt Ltd and Mr. Amrit CanagaRetna, Vice President – Amana Bank Ltd as the Vice Presidents.

Mr. Aashiq Lafir, Executive Director – Finance – United Motors Lanka PLC will serve as the Immediate Past President of the Council.

The Sri Lanka – Malaysia Business Council of the Ceylon Chamber of Commerce intends carrying out promoting trade, tourism, services between Sri Lanka and Malaysia in particular to promote exports, encourage establishment of joint ventures, exchange information on trade and investment with the appropriate bodies, conduct joint meetings with Malaysian Business organizations in Sri Lanka and in Malaysia to promote exports and attract investments, facilitate business matchmaking events as means to promote bilateral business and serve as a recognized representative of business sector interests in Sri Lanka in matters concerning business relationships with Malaysia.

Membership is open to Individuals, partnerships, companies, state owned enterprises or other organisations engaged in trade, tourism or services or engaged in joint ventures with Malaysia or interested in entering into or promoting trade, tourism, services or joint ventures with organizations in the partner country shall be eligible for membership of the Council.

2017 World Chambers Competition finalists announced

2017-08-02

Paris – Eighteen chambers of commerce from 13 countries move into the final round of the 2017 World Chambers Competition, to be held in Sydney on Tuesday 19 and Wednesday 20 September. The winners will be announced during the Congress Gala dinner on the 21 September. The World Chambers Competition, organised by the ICC World […]

2017 World Chambers Competition finalists announced

Paris – Eighteen chambers of commerce from 13 countries move into the final round of the 2017 World Chambers Competition, to be held in Sydney on Tuesday 19 and Wednesday 20 September. The winners will be announced during the Congress Gala dinner on the 21 September.

The World Chambers Competition, organised by the ICC World Chambers Federation (WCF), is the only global awards programme of its kind to recognise ground-breaking projects developed by chambers of commerce and industry worldwide. After receiving 53 applications from 27 countries, an international jury, comprising ICC WCF leadership and representatives from chambers of commerce and other recognised global organisations, selected the 2017 finalists.

The Competition allows chambers, both large and small, to showcase best practices. Commenting on this year’s selection, head of the Competition jury and WCF Honorary Chair Rona Yircali said: “It was an extremely difficult task to shortlist our Competition finalists, as this year’s applicants were particularly strong. Based on the variety of projects submitted, we are very proud to see the chamber network continuing, year after year, to champion their respective communities with new and more advanced innovations for the betterment of all.”

Competing across four categories, the finalists will move on to present their unique projects before a live audience of chamber and business leaders, during the bi-annual World Chambers Congress. The Congress is set to take place in Sydney, Australia from 19-21 September.

ACCI urges Australians to ‘think small’ on day to honour SMEs

2017-07-04

Sydney – The Australian Chamber of Commerce and Industry (ACCI) encouraged Australians to “think small” by supporting their local enterprises in order to celebrate the inaugural international day in honour of small businesses. June 27 has been declared Micro-, Small and Medium-sized Enterprises Day by the United Nations to raise public awareness of their contribution […]

ACCI urges Australians to ‘think small’ on day to honour SMEs

Sydney – The Australian Chamber of Commerce and Industry (ACCI) encouraged Australians to “think small” by supporting their local enterprises in order to celebrate the inaugural international day in honour of small businesses.

June 27 has been declared Micro-, Small and Medium-sized Enterprises Day by the United Nations to raise public awareness of their contribution to sustainable development. James Pearson, CEO of the Australian Chamber, said: “Small businesses are the lifeblood of many communities by providing local jobs and meeting the needs of local customers. “Every day is a great day to support small business… I encourage people to visit their local retailers and tap into local services so they can experience what small businesses have to offer.

“Australia’s 2.1 million small businesses contributed $379 billion to our economy in 2015, representing nearly 36 per cent of total output. More than 4.8 million people work in small businesses in Australia, accounting for nearly 45 per cent of all jobs. “Often the people who start these small businesses have risked everything they have, including their home, to turn their entrepreneurial dream into reality. “Typically these business men and women work extraordinary hours and take few holidays, and nearly half earn less than the people they employ.

Often these businesses operate on incredibly tight margins, where a few percentage points increase in costs is the difference between running at a profit and at a loss. “While many consumers are voting with their feet in backing small business, we need government policies to match. “It is great to see the Federal Government get behind small business with the first tranche of its business tax cuts and the extension of the instant asset write-off in this year’s Budget.

“We urge the Federal Opposition to commit to maintaining the reduced tax rate for small business so that business operators can make investments in growing their enterprise with confidence about the future. Right now small businesses are hurting from the surge in energy prices, which are making it harder for them to keep the lights on and the doors open. We urge federal and state governments to stop the blame game and deliver stable policy settings that encourage investment in new power supply to help push prices down.”

Colombo – The Ceylon Chamber of Commerce appointed Mr. Rajendra Theagarajah as its new Chairman during its 178th AGM held at the Cinnamon Grand Hotel, Colombo on the 29th June, 2017. Mr. Theagarajah, a veteran banker, succeeds the outgoing Chairman Mr. Samantha Ranatunga, who led the Chamber during the past two years. He functioned as […]

Colombo – The Ceylon Chamber of Commerce appointed Mr. Rajendra Theagarajah as its new Chairman during its 178th AGM held at the Cinnamon Grand Hotel, Colombo on the 29th June, 2017.

Mr. Theagarajah, a veteran banker, succeeds the outgoing Chairman Mr. Samantha Ranatunga, who led the Chamber during the past two years. He functioned as the Vice Chairman, Deputy Vice Chairman, Board Member and also served as a member of the Chamber Committee for several years.

In the meantime, Dr. Hans Wijayasuriya was appointed as the Vice Chairman of the Chamber, while Mr. Vish Govindasamy was appointed as the Deputy Vice Chairperson for the year 2017 and 2018 financial year.

The Chamber also appointed several new members to its nine member ‘Board of Directors’, which consists of Chairman, Vice Chairperman, Deputy Vice Chairman, CEO and five ‘Directors’.

Colombo – The Importance of Sri Lankan businesses aligning its growth plans with greener practices to help develop a ‘sustainable era,’ will be discussed intensely at the upcoming Sri Lanka Economic Summit 2017. The topic will be discussed at a thematic session titled, ‘Realizing a Greener Growth Path – Walking the Talk’, with the participation […]

Colombo – The Importance of Sri Lankan businesses aligning its growth plans with greener practices to help develop a ‘sustainable era,’ will be discussed intensely at the upcoming Sri Lanka Economic Summit 2017. The topic will be discussed at a thematic session titled, ‘Realizing a Greener Growth Path – Walking the Talk’, with the participation of thought leaders and industry practitioners.

The session will kick off with a presentation by Dr. Rae Kwon Chung, Former Principal Advisor on Climate Change, Executive Office of the Secretary General of the United Nations, while, Mr. Ralph Van Doorn, Senior Country Economist for Sri Lanka and the Maldives of The World Bank and Mr. Sunil Sethi, Managing Director Fonterra Brands Lanka, also following him with presentations.

The trio’s delivery would be followed by a panel discussion, which will include Dr. Prasanthi Gunawardana, Senior Lecturer of the Department of Forestry and Environmental Science of the University of Sri Jayewardenepura, Mr. Avanthi Jayathilaka, Director of Global Management Consultants and Mr. Vidura Ralapanawa, General Manager, Environmental Sustainability of MAS Intimates. The session would be moderated by Uchita De Zoysa, an expert on sustainability.

The session will discuss the cost Sri Lanka will have to pay, if a sustainable development path is not adopted, why does Sustainable Development Goals (SDGs) matter for businesses, what are the entry points to engage on SDGs at a country level, what kind of partnerships the private sector can enter into engage in driving the SDG agenda and the type of an institutional mechanism that should be put in place, for the private sector to engage on the SDG agenda at a national level.

The two day Sri Lanka Economic Summit organized by the Ceylon Chamber of Commerce will take place on the 25th and 26th July, 2017 at the Cinnamon Grand Hotel, Colombo under the title of ‘Execute – Transform – Realize’.

Sunshine Holdings PLC comes in as the Platinum Sponsor of the event, Standard Chartered Bank enters the fray as the Gold Sponsor, Fonterra Brands as the Silver Sponsor and Dialog Axiata as the Telecommunications Partner of the event. Whilst Janashakthi Insurance, Prima Group, and Nestle Lanka join in as the strategic partners.

OMD of OmniCom MediaGroup is the communications partner and Echo Wave comes in as the Digital Events Platform Partner. If you wish to take part in the event, please call on 115588877 or email to events@chamber.lk

Sri Lankan & Italian business leaders held 18th Annual General Meeting in Colombo

2017-07-02

Colombo – She Sri Lanka – Italy Business Council of the Ceylon Chamber of Commerce held its 18th Annual General Meeting at the Ceylon Chamber of Commerce on 22nd June, 2017. His Excellency Paolo Andrea Bartorelli, Italian Ambassador to Sri Lanka was the Chief Guest at this occasion. Mr. D. R. P Abeyasinghe, Chief Executive Officer, Hydromec International (Pvt) Ltd […]

Sri Lankan & Italian business leaders held 18th Annual General Meeting in Colombo

Colombo – She Sri Lanka – Italy Business Council of the Ceylon Chamber of Commerce held its 18th Annual General Meeting at the Ceylon Chamber of Commerce on 22nd June, 2017. His Excellency Paolo Andrea Bartorelli, Italian Ambassador to Sri Lanka was the Chief Guest at this occasion.

Mr. D. R. P Abeyasinghe, Chief Executive Officer, Hydromec International (Pvt) Ltd was re-elected as the President of the Council. Mr. Abeyasinghe has a Mechanical Engineering background. The latter part of his career however has been devoted to the marketing and commercial aspects of dealing in Earth Moving and Materials Handling Machinery and Equipment.

Mr. Abeyasinghe in his address highlighted the achievements of the Sri Lanka – Italy Business Council during the year 2016-2017 under his leadership. These included the organization of meetings with Italian Business delegations that visited the country during the period under review, including the Business Delegation that had accompanied the Deputy Minister of Foreign Affairs of Italy Hon. Benedetto Della Vedova on his official visit to Sri Lanka. A Breakfast Meeting with Mr. Upul Jayasuriya, Chairman, Board of Investment of Sri Lanka; Annual Members’ Night and the Italian Language Course run for Beginners & Advanced Learners were also highlighted.

His Excellency Paolo Andrea Bartorelli in his comments made at the Annual General Meeting reassured the Council of the continued support of the Italian Embassy in Sri Lanka to promote bilateral trade between Sri Lanka and Italy.

Companies engaged in trade, tourism or services with Italy or engaged in joint ventures with Italian organizations or interested in entering into or promoting trade, tourism, services or joint ventures with Italian organizations are eligible for membership of the Sri Lanka – Italy Business Council. Further details regarding membership of the Council could be obtained from the Secretariat of the Sri Lanka – Italy Business Council of the Ceylon Chamber of Commerce, No. 50, Navam Mawatha, Colombo 2. E-mail: info@srilankaitaly.com or Tel.: 011-5588875, 5588800.

Turkey most active country in promoting investments

2017-07-02

Ankara – According to the World Investment Report 2017, prepared by the United Nations Conference on Trade and Development (UNCTAD), Turkey has noticeably increased foreign direct investments (FDI) over the last 15 years, attracting USD 12.3 billion in 2016 alone. The FDI inﬂows reﬂect the country’s diversified industrial structure, with manufacturing accounting for around half […]

Turkey most active country in promoting investments

Ankara – According to the World Investment Report 2017, prepared by the United Nations Conference on Trade and Development (UNCTAD), Turkey has noticeably increased foreign direct investments (FDI) over the last 15 years, attracting USD 12.3 billion in 2016 alone. The FDI inﬂows reﬂect the country’s diversified industrial structure, with manufacturing accounting for around half of the total FDI.

The report also highlighted the reforms that have been implemented and the incentives that have been introduced in Turkey in recent years to attract investments, particularly incentives in R&D and those granting citizenship to foreigners under certain eligibility conditions.

According to the report, Turkey cemented its position as the most active country vying for FDI inﬂows in 2016 as it signed seven international investment agreements in the area of mutual encouragement and protection of investments. Canada, Morocco, and the United Arab Emirates followed Turkey with four international investment agreements each.

The report goes on to mention that a total of 37 new international investment agreements were concluded in 2016, of which 30 were bilateral investment treaties and seven were treaties with investment provisions.

PCCI Joins Hands with DA and DTI to Improve Market Access of Small Farmers

2017-07-02

Manila – The Philippine Chamber of Commerce and Industry (PCCI), The Department of Agriculture (DA), and the Department of Trade and Industry (DTI) have agreed to promote the increase in livelihood income, lower costs, and create more employment opportunities for small farmers and fishermen by further improving the access of their products and services with […]

PCCI Joins Hands with DA and DTI to Improve Market Access of Small Farmers

Manila – The Philippine Chamber of Commerce and Industry (PCCI), The Department of Agriculture (DA), and the Department of Trade and Industry (DTI) have agreed to promote the increase in livelihood income, lower costs, and create more employment opportunities for small farmers and fishermen by further improving the access of their products and services with domestic and export markets.

PCCI president George T. Barcelon said that the DA-DTI-PCCI collaboration under a memorandum of agreement that was formalized on June 14 would harmonize their market-accessing activities under the DA Agribusiness Support for the Promotion and Investment in Regional Expo (Aspire) project.

Under the Aspire project, DA-DTI-PCCI would harmonize activities such as informing small farmers about the demand, standards and delivery preferences that attract buyers, sharing market knowledge, organizing for trade fairs, attending seminars to learn negotiations skills, and preparing them for business matching and investment forums.

Implementation targets call for each the country’s regions to make at least one marketing agreement for three priority commodities, enrolment of 75 per cent of Aspire farmer participants in the RIPPLES PLUS program of DTI per year, and at least two marketing agreements renewed or expanded.

RIPPLES PLUS (Regional Interactive Platform for Philippine Exporters) is DTI’s initiative for MSMEs and large corporations that provides training and capacity-building, investment, marketing and promotion, support innovation and product development.

According to PCCI president Barcelon, collective action with the small-scale farmers would result in lowering production and transaction costs and in true market prices.

TOBB President Celebrates Cabotage Day

2017-06-30

Ankara – TOBB President M. Rifat Hisarciklioglu has issued a celebratory message for the July 1st Maritime and Cabotage Day. Hisarciklioglu emphasized that the right to cabotage is one of the most important parts of Turkey’s independence. “Our country, surrounded by seas, has big goals in the maritime area. We need to take the steps in […]

TOBB President Celebrates Cabotage Day

Ankara – TOBB President M. Rifat Hisarciklioglu has issued a celebratory message for the July 1st Maritime and Cabotage Day. Hisarciklioglu emphasized that the right to cabotage is one of the most important parts of Turkey’s independence. “Our country, surrounded by seas, has big goals in the maritime area. We need to take the steps in the maritime sector to grow our economy.”

TOBB President Hisarciklioglu said in his message:

“Maritime and Cabotage Day, celebrated every year on July 1st, is one of the most important days of our Republic’s history.

“It is important to remember that on the anniversary of the Maritime and Cabotage Day, which includes our right to carry passengers and freight between our own ports, we need to keep in mind that maritime developments are of great importance for our economy to grow and reach its 2023 targets.

“According to this legislation, the operation of moving maritime vehicles by machinery, sailing and oars in rivers, lakes, sea of Marmara and straits, gulfs, harbors, coves and similar places in all the land waters, the right to transport goods and passengers was granted to the citizens of the Republic of Turkey.

“Subsequently, many successes were achieved in this field. We are aware that the Turkish maritime sector has a lot to do, even though it has come a long way in both transportation and shipbuilding. We have to work tirelessly towards these goals.

“With these thoughts and feelings, on behalf of the Turkish private sector, I celebrate the 1st of July Maritime and Cabotage Day of our maritime communities and our nation. I extend my deepest respect and affections.”

Saudi Fund for Development looking to provide credit facilities for Lankan importers

2017-06-23

Colombo – The Saudi Fund for Development is looking to provide credit facilities for Sri Lankan firms to import raw materials from Saudi Arabia. Accordingly, Lankan Importers importing fertilizer, plastic raw materials, cables and electrical wires from Saudi Arabia will be eligible to obtain credit, which would be given under the ‘Foreign Buyer Credit Assistance’ by […]

Saudi Fund for Development looking to provide credit facilities for Lankan importers

Mr. Ziad Alsabbaly,,Marketing Specialist of Saudi Fund for Development and Ms. Lilakshini De Mel, Chamber officer during the briefing event.

Colombo – The Saudi Fund for Development is looking to provide credit facilities for Sri Lankan firms to import raw materials from Saudi Arabia.

Accordingly, Lankan Importers importing fertilizer, plastic raw materials, cables and electrical wires from Saudi Arabia will be eligible to obtain credit, which would be given under the ‘Foreign Buyer Credit Assistance’ by the Saudi Fund for Development.

Recently, a meeting was conducted by the Saudi Fund for Development at the Ceylon Chamber of Commerce to brief about the credit program. According to Mr. Ziad Alsabbaly, Marketing Specialist of Saudi Fund for Development, the credit facilities will be given with repayment period running up to a minimum of 2 years, while the maximum repayment period will be 10 years. The repayment period would be decided upon the nature of the imports or the project. The minimum grace period for the credit offers would be six months.

Several local firms, including the Chamber members were present during the meeting. Ms. Lilakshini De Mel, Senior Assistant Secretary General of the Ceylon Chamber of Commerce were also present at the occasion.

Some of the participants during the briefing event.

Sri Lanka Economic Summit 2017 to discuss ways of building its manufacturing competitiveness

2017-06-19

Colombo – The upcoming “Sri Lanka Economic Summit 2017” organized by the Ceylon Chamber of Commerce will conduct a dedicated thematic session to discuss, how important it is for the Lankan manufacturing sector to become competitive to attract global markets. The session titled, ‘Realizing New Competitiveness in Sri Lankan Manufacturing’, will line up some of […]

Sri Lanka Economic Summit 2017 to discuss ways of building its manufacturing competitiveness

Colombo – The upcoming “Sri Lanka Economic Summit 2017” organized by the Ceylon Chamber of Commerce will conduct a dedicated thematic session to discuss, how important it is for the Lankan manufacturing sector to become competitive to attract global markets.

The session titled, ‘Realizing New Competitiveness in Sri Lankan Manufacturing’, will line up some of the finest industry practitioners to share insights on how local manufacturers can transform to become globally competitive.

Invited speakers will discuss the latest global trends in best manufacturing practices, critical bottlenecks faced by local manufacturers that needs immediate tackling and where the process should begin and also local success stories in niches like carbon black and high value apparels.

The all-important session takes place at a time when the Lankan manufacturers are facing severe pressure from rising costs in input materials, labor and energy costs. Moreover the import protection that has crept in over the years, while helping some industries to survive and grow, whilst hurting others due to higher intermediate input costs.

The two day annual summit will take place on the 25th and 26th July 2017 at the Cinnamon Grand Hotel, Colombo under the theme ‘Execute – Transform – Realize’.

Citi and Ceylon CCI empower more rural entrepreneurs

2017-06-05

Colombo – The ‘Rural Economic Empowerment Programme initiated by the Citibank in collaboration with the Ceylon Chamber of Commerce and Hatton National Bank in June 2015 assisted over 400 rural entrepreneurs in four rural villages namely; Beralapanathara in Matara District, Dadayamkanda in Ratnapura District, Weheragala in Anuradhapura District and Udappuwa in Puttalam District. The project […]

Citi and Ceylon CCI empower more rural entrepreneurs

Colombo – The ‘Rural Economic Empowerment Programme initiated by the Citibank in collaboration with the Ceylon Chamber of Commerce and Hatton National Bank in June 2015 assisted over 400 rural entrepreneurs in four rural villages namely; Beralapanathara in Matara District, Dadayamkanda in Ratnapura District, Weheragala in Anuradhapura District and Udappuwa in Puttalam District. The project provided business management training as well as technical training and facilitated financial assistance to the needy entrepreneurs through HNB. The assistance provided through the project helped the rural entrepreneurs, who had not had any formal training on business management before to plan and conduct their businesses in a more organized manner and expand their businesses using the financial assistance extended by HNB.

Satisfied with the success of the first phase of the project, Citi Bank decided to continue its partnership with the Ceylon Chamber of Commerce and Hatton National Bank to uplift the livelihoods of people in rural areas by implementing a second phase of the project targeting a few more remote villages of the country.

The second phase of the Rural Economic Empowerment Project will focus on the same objectives as the first phase with a different geographical coverage. The main objective of the project is to economically empower rural entrepreneurs by supporting them to start and manage sustainable income generation activities/micro enterprises. The specific objectives include;

providing entrepreneurship development and business management training, providing technical know-how on income generation/micro enterprises as well as for improvement of quality of products and productivity of business operations, improving financial literacy and financial management skills , improving access to finance through facilitating linkages with banks and formal financial institutes and offering business development services (BDS) to manage the business operations profitably and sustainably

As done in the first phase of the project, Citibank will provide overall direction and financial resources, guidance and professional expertise for training and capacity building of prospective entrepreneurs for successful implementation of the second phase. Citibank’s active support for this initiative epitomizes its commitment towards promoting the livelihood development at grassroots level globally through sustainable financial inclusion. Citi Sri Lanka together with Citi Foundation has engaged in many CSR projects since its inception, demonstrating its dedication towards enhancing the economic opportunities for individuals and families of Sri Lanka and this project is a continuation of their CSR efforts to improve the businesses and living conditions of rural entrepreneurs.

The second phase of the project has planned to assist rural entrepreneurs in a few remote villages in Galle and Anuradhapura Districts. The Ceylon Chamber in collaboration with the Ministry of Agriculture of the Southern Provincial Council and the Galle District Chamber of Commerce identified Maththaka, Niyagama, Poddiwela, Porowagama and Thalgaswala villages with a large number of rural entrepreneurs waiting for both management and financial assistance to improve and expand their businesses. The Chamber and HNB first conducted an awareness session for 81 beneficiaries from above villages and collected baseline data on their current business activities, issues faced by them and assistance required. The project conducted 3 training programs for 61 selected entrepreneurs on introduction to entrepreneurship, generating concrete business ideas and preparation of business plans as per the foundation module of “Way to Improve Your Business” developed by the ILO accredited “Start and Improve Your Business” (SIYB) Program. Mr. Kithsiri Dharmapriya an experienced business management expert accredited as Master Trainer of SIYB as well as IFC “Business Edge” Training Program conducted the training program using a participatory approach. HNB has already disbursed loans to a few beneficiaries, who required urgent assistance and is in the process of evaluating business plans of other trained beneficiaries with the objective of extending loan facilities within the shortest possible time. The project will identify the needs for technical training as well as impediments faced by the project beneficiaries and will facilitate technical training and Business Development Services (BDS) to resolve such issues/impediments.

The second phase activities in Anuradhapura District was commenced in collaboration with the North Central Provincial Council and the Anuradhapura District Chamber of Commerce. The project conducted the awareness session and baseline data collection of prospective rural entrepreneurs in Nochchiyagama and Nachchaduwa Divisional Secretariat areas with the participation of 55 and 56 beneficiaries respectively. HNB officers, who were present at the awareness sessions found that there were many promising entrepreneurs among the participants and had expressed keen interest to extend financial assistance to all entrepreneurs with viable business ideas. The Chamber has now analyzed the baseline data of above beneficiaries and planned to commence business management training based on “Way to Improve Your Business” module by mid June.

The project will work closely with project partners i.e. the Southern and North Central Provincial Council and the District Chambers of Commerce in Galle and Anuradhapura to identify more needy beneficiaries from the selected villages and surrounding areas to expand the beneficiary base to reach the targeted no of beneficiaries well ahead of the targeted dates.

FICCI publishes Digital Banking report on India

2017-06-03

Taipei – CACCI is pleased to share with all CACCI members the April 2017 issue of “Financial Foresights” – a publication of the Federation of Indian Chambers of Commerce and Industry (FICCI) – which focuses on the topic “Digital Banking: New Horizons in a Cash-Light India”. This FICCI reports presents insightful write-ups contributed by industry leaders from the digital […]

FICCI publishes Digital Banking report on India

Taipei – CACCI is pleased to share with all CACCI members the April 2017 issue of “Financial Foresights” – a publication of the Federation of Indian Chambers of Commerce and Industry (FICCI) – which focuses on the topic “Digital Banking: New Horizons in a Cash-Light India”.

This FICCI reports presents insightful write-ups contributed by industry leaders from the digital banking space and highlights the prospects of Digital banking in India.

FICCI is a member of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), the parent organization of the ABA.

Sri Lanka launches Private-Public Partnership Unit for investment

2017-06-02

Colombo – Sri Lanka will launch its ‘Private – Public Partnership ( PPP) Unit’, set up through a Cabinet decision at the upcoming ‘Sri Lanka Investment and Business Conclave 2017’, which will take place on the 30th May to 01st June 2017, in Colombo. The unit is mandated to source investment from both national and […]

Sri Lanka launches Private-Public Partnership Unit for investment

Colombo – Sri Lanka will launch its ‘Private – Public Partnership ( PPP) Unit’, set up through a Cabinet decision at the upcoming ‘Sri Lanka Investment and Business Conclave 2017’, which will take place on the 30th May to 01st June 2017, in Colombo.

The unit is mandated to source investment from both national and international private sector to drive the national economic agenda. This is the best opportunity to launch the unit as the participants at the conclave are the target audience to source investments to Sri Lanka. The new unit is coming under the Ministry of Finance and is supported and guided by the World Bank.

The launch of the PPP unit at the upcoming ‘Sri Lanka Investment and Business Conclave’ will be witnessed by over 200 Investors and Business partners. Among them would be over 100 investors and business partners from more than 20 countries. Organized by The Ceylon Chamber of Commerce, the “Sri Lanka Investment & Business Conclave 2017”, the event aims to attract much needed Foreign Direct Investors to Sri Lanka, Business partners for Exports and also to promote Tourism, in a bid to help propel the nation’s economic growth to greater heights.

You can register to take part in the event via www.invest-srilanka.lk and schedule B2B meetings via online or contact the event secretariat via +94115588818, or email to investsrilanka@chamber.lk or info@chamber.lk

ASEAN-BAC Calls for Nominations for the ASEAN Business Awards 2017

2017-06-01

Jakarta – The ASEAN Business Advisory Council (ASEAN-BAC) is seeking nominations for the ASEAN Business Awards 2017. The ASEAN Business Awards (ABA) aims to recognize the outstanding ASEAN enterprises in the region. It disseminates information related to the ASEAN Economic Community and to bring the spotlight to the SMEs that have the potential to become […]

ASEAN-BAC Calls for Nominations for the ASEAN Business Awards 2017

Jakarta – The ASEAN Business Advisory Council (ASEAN-BAC) is seeking nominations for the ASEAN Business Awards 2017.

The ASEAN Business Awards (ABA) aims to recognize the outstanding ASEAN enterprises in the region. It disseminates information related to the ASEAN Economic Community and to bring the spotlight to the SMEs that have the potential to become global economic players in their respective industries.

In 2017, The ASEAN Business Advisory Council (ASEAN-BAC) in partnership with the Philippine government launched the ASEAN Inclusive Business Awards. Under the Special Awards category of the ABA, it is the first in the region to recognize innovative businesses creating social impact. A winner will be selected from each ASEAN country and will be recognized on the gala night of the ABA.

Nominations for the ASEAN Business Awards 2017 will close on June 15, 2017. For more details, you may visit www.aba2017.com. Should you have any inquiries, please feel free to contact secretariat@asean-bac.org.

Ratepayers winners from fresh bus tender, says Wellington Chamber

2017-05-09

Wellington 05/05/2017 – Wellington Chamber of Commerce congratulates Tranzit Group and Uzabus for being the successful bidders for a large part of the bus services across the region. “Ratepayers, as well as taxpayers, are set to benefit from this tender, which will save millions of dollars and deliver a fleet of new and more environmentally […]

Ratepayers winners from fresh bus tender, says Wellington Chamber

Wellington 05/05/2017 – Wellington Chamber of Commerce congratulates Tranzit Group and Uzabus for being the successful bidders for a large part of the bus services across the region. “Ratepayers, as well as taxpayers, are set to benefit from this tender, which will save millions of dollars and deliver a fleet of new and more environmentally friendly buses,” says Chamber Chief Executive John Milford.

“We’re told the new buses will improve air quality by reducing emissions of harmful pollutants, including by at least 38 per cent in Wellington and 84 per cent in the Hutt Valley, and that’s great news. “I’m also delighted that Masterton-based Tranzit has committed to employing as many of the 380 further drivers it needs as it can from the region’s existing workforce, including from the Metlink system, and that it will build 228 new buses, as many as possible of them at Kiwi Bus Builders at Seaview.

“That’s really keeping it local, and we applaud that attitude. “We will now wait to see how the indicated savings will benefit ratepayers, be it in lower rates or fare discounts.”

Colombo – The Ceylon Chamber of Commerce will organize the “Sri Lanka Investment & Business Conclave 2017” from 30th May to 1st June 2017 in Colombo to attract much-needed foreign direct investors, trading partners, and tourists to Sri Lanka in a bid to help propel the nation’s economic growth to greater heights. The Conclave 2017, which will be […]

Colombo – The Ceylon Chamber of Commerce will organize the “Sri Lanka Investment & Business Conclave 2017” from 30th May to 1st June 2017 in Colombo to attract much-needed foreign direct investors, trading partners, and tourists to Sri Lanka in a bid to help propel the nation’s economic growth to greater heights.

The Conclave 2017, which will be held under the theme “Growth through Partnerships” will focus on bringing in investments into the areas of agriculture, apparel, education, export manufacturing, export services, infrastructure, knowledge services, tourism and leisure, power and energy, telecommunications and related services, ports development, distribution of petroleum related products such as LPG an LNG and recycling of waste.

Interested parties can register for the event via www.invest-srilanka.lk and schedule B2B meetings online; or contact the event secretariat via +94115588818, +9411 5588888; or email to investsrilanka@chamber.lk or info@chamber.lk

PCCI to Hold Pakistan International Trade Fair

2017-05-08

Karachi – The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) is organizing the Pakistan International Trade Fair (PITF) from 26 to 29 October 2017. To be held at the Expo Centre in Karachi, it will be the first ever trade exhibition of its kind in Pakistan. The PITF will provide great opportunities to […]

PCCI to Hold Pakistan International Trade Fair

Karachi – The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) is organizing the Pakistan International Trade Fair (PITF) from 26 to 29 October 2017. To be held at the Expo Centre in Karachi, it will be the first ever trade exhibition of its kind in Pakistan.

The PITF will provide great opportunities to the world’s potential companies to showcase their products and conduct B2B and B2C. It is a general trade fair where regional pavilions will also be established besides the international pavilion.

CACCI members are invited to participate in the exhibition. The FPCCI being the active member chamber of CACCI will se tup separate CACCI pavilion in which brands of CACCI member countries will be accommodated.

Nepalese FNCCI Elects New Executive Committee Members

2017-04-26

Kathmandu – The recently held election of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has named new members of the Executive Committee under the leadership of Mrs. Bhawani Rana for the next three years (2017-2020). The new team includes Mr. Shekhar Golchha as the Senior Vice President, Mr. Pramod Shrestha, Mr. Umesh […]

Nepalese FNCCI Elects New Executive Committee Members

Kathmandu – The recently held election of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has named new members of the Executive Committee under the leadership of Mrs. Bhawani Rana for the next three years (2017-2020).

The new team includes Mr. Shekhar Golchha as the Senior Vice President, Mr. Pramod Shrestha, Mr. Umesh Lal Shrestha and Mr. Chandra Prasad Dhakal as the Vice Presidents and Mr. Gyanendra Lal Pradhan as the Treasurer.

Inaugural Export Awards for Wellington exporters

2017-04-15

Wellington – The success of Wellington exporters will be celebrated at the region’s inaugural ExportNZ ASB Wellington Export Awards in June. Entrants must have a minimum of $100,000 in export revenue and be based in the Wellington region, which includes Horowhenua, Manawatu,Tararua, and Wairarapa down to Wellington. Details were announced by Wellington Chamber of Commerce Chief Executive […]

Inaugural Export Awards for Wellington exporters

Wellington – The success of Wellington exporters will be celebrated at the region’s inaugural ExportNZ ASB Wellington Export Awards in June. Entrants must have a minimum of $100,000 in export revenue and be based in the Wellington region, which includes Horowhenua, Manawatu,Tararua, and Wairarapa down to Wellington. Details were announced by Wellington Chamber of Commerce Chief Executive John Milford.

Companies can enter any of four categories – Marsh Innovation in Export Award, MFAT Most Sustainable in Export Award, Wellington Airport Emerging Exporter Award, CentrePort Excellence in Services Export Award. Entrants will be required to describe their company and its achievements in export.

John Milford says the purpose of the awards is to celebrate businesses making it in the export market. “Exporters are the lifeblood of our country and we need to acknowledge their contribution” he said. Entry forms, criteria details, and registration forms are available on the ExportNZ Wellington website. ExportNZ Wellington is overseen by Wellington Chamber of Commerce.

World Chambers Competition Deadline Extended

2017-04-11

Paris – Very good news for the chamber community! The deadline for submitting your projects to the World Chambers Competition has been extended until 04 May. Under the umbrella of the World Chambers Congress, the Competition gives an opportunity for chambers to improve and enhance their services as well as strengthening local SME’s. After a […]

World Chambers Competition Deadline Extended

Paris – Very good news for the chamber community! The deadline for submitting your projects to the World Chambers Competition has been extended until 04 May.

Under the umbrella of the World Chambers Congress, the Competition gives an opportunity for chambers to improve and enhance their services as well as strengthening local SME’s. After a thorough evaluation, assessed by a prominent and experienced jury, four finalists will be chosen, in each category, to join their peers in Sydney and present their initiatives live!

We encourage you to evaluate your chamber’s past or recent initiatives, considering the Competition guidelines, and submit a project via the 10th World Chambers Congress website at www.worldchamberscongress.org There are four categories being featured this year: Best CSR project, Best job creation and business development project, Best SMEs financing project and Best unconventional project.

The ICC World Chambers Federation looks forward to receiving your innovative projects. If you have any questions, do not hesitate to contact the Congress team through katherineanchorena@iccwbo.org.

Lankan Business Delegation Visits Moscow, led by Sri Lanka – Russia Business Council

2017-03-30

Colombo – A 25 member Sri Lankan business delegation led by Sri Lanka – Russia Business Council of the Ceylon Chamber of Commerce together with the Sri Lankan Embassy in the Russian Federation visited Moscow last week. The business delegation, which was led by President of the Sri Lanka – Russia Business Council, Mr. Isuru […]

Lankan Business Delegation Visits Moscow, led by Sri Lanka – Russia Business Council

Colombo – A 25 member Sri Lankan business delegation led by Sri Lanka – Russia Business Council of the Ceylon Chamber of Commerce together with the Sri Lankan Embassy in the Russian Federation visited Moscow last week.

The business delegation, which was led by President of the Sri Lanka – Russia Business Council, Mr. Isuru Samarasinghe, Managing Director of Unitrades Private Limited was organized in conjunction with the official visit of the Sri Lanka President, His Excellency Maithripala Sirisena to the Russian Federation on the invitation of His Excellency Vladimir Putin, which coincided with 60 years of diplomatic ties between Sri Lanka and Russia.

During the visit, the delegation took part in business forum conducted by the Chamber of Commerce & Industry of the Russian Federation and also took part in B2B meetings with the Russian counterparts. During the forum, Mr. Upul Jayasuriya, Chairman of the Board of Investment of Sri Lanka, made a presentation on the FDI opportunities in Sri Lanka. During the visit, bilateral relations between the two countries were enriched by strengthening the trade ties, sourcing suitable business partners for trade, investments, joint ventures, technology transfer and services and also assisting in expanding existing business contacts of the participants.

Spackman appointment a coup for city, says Wellington Chamber

2017-03-28

Wellington – Wellington’s reputation as the creative capital of New Zealand will be greatly enhanced by the appointment of Victoria Spackman as the first director of Te Auaha New Zealand Institute of Applied Creativity, says Chamber of Commerce Chief Executive John Milford. “It’s a real coup for Te Auaha and for Wellington to have Victoria […]

Spackman appointment a coup for city, says Wellington Chamber

Wellington – Wellington’s reputation as the creative capital of New Zealand will be greatly enhanced by the appointment of Victoria Spackman as the first director of Te Auaha New Zealand Institute of Applied Creativity, says Chamber of Commerce Chief Executive John Milford.

“It’s a real coup for Te Auaha and for Wellington to have Victoria Spackman as the start-up director.

“She brings with her a breadth of experience in and knowledge of theatre, television and film, as well as in business, that would be hard to find anywhere else.

“That’s a great mix, and I know she will build Te Auaha into something really special.

“The joint venture by Whitireia and WelTec to establish an institute for visual and performing arts, design, media and other creative disciplines was an inspired move, and Victoria’s appointment tops it off.

“I’m confident that with her at the helm, Te Auaha will soon become known beyond New Zealand, and further drawcard for the city.”

For more information contact Brent Webling 021 821 383

Wellington business confidence climbs back up, Chamber survey shows

2017-03-27

Wellington – Business confidence in the Wellington region’s economy has made a sharp reversal to the drop suffered at the end of 2016, according to the latest Wellington Chamber of Commerce Business Confidence Survey, sponsored by Getsmart. A net 52 per cent of business respondents now expect the local economy to improve over the next […]

Wellington business confidence climbs back up, Chamber survey shows

Wellington – Business confidence in the Wellington region’s economy has made a sharp reversal to the drop suffered at the end of 2016, according to the latest Wellington Chamber of Commerce Business Confidence Survey, sponsored by Getsmart.

A net 52 per cent of business respondents now expect the local economy to improve over the next 12 months, a significant improvement on the net positive of just 34 per cent in the December survey. That was itself down from 62 per cent in September.

In the latest survey, just 7 per cent expect the local economy to decline, with 59 per cent expecting it to improve and 33 per cent no change.

But Wellington businesses’ confidence in the national economy has slightly declined, with a net 43 per cent expecting improvement, compared to 48 per cent in the December quarter. Some 53 per cent of respondents expect the national economy to improve, 37 per cent to remain the same, and 10 per cent to decline.

The survey was conducted over a two-week period in March.

In line with the increased optimism in the local economy, a majority of business are indicating a secure outlook for their own business situation. A net 61 per cent say they expect to see an improvement over the next 12 months – compared to 50 per cent in December and 61 per cent in September. Just 8 per cent are pessimistic about the outlook for their own business.

Businesses continue to expect a steady increase in earnings, with a net 57 per cent forecasting an improvement, compared to 53 per cent in December and 55 per cent in September. Of all respondents, 66 per cent expect an improvement while just 9 per cent expect earnings to decline.

The number of businesses forecasting more investment in plant and equipment over the next 12 months has improved to a net 44 per cent from 36 per cent in December. Just 5 per cent are not expecting to invest more, while 49 per cent say they will and 39 per cent say they will spend about the same.

Intentions to hire staff remain positive and are slightly up on December. When asked what changes they expect to staffing numbers over the next three months, a net 33 per cent say they expect to be looking for more staff, slightly up from a net 29 per cent in December.

Finding skilled staff continues to be a challenge for many businesses, with just slight improvement since December. Just 5 per cent say it is now easier to find skilled staff than it was 12 months ago, while 38 per cent say it is harder. When asked unprompted what barriers are holding back their business, an inability to access or attract skilled staff is again the No 1 issue. This is consistent with the Chamber’s surveys in December, September and June last year.

Earthquakes are cited as the single biggest impediment to growth in the local economy by 35 per cent of respondents. This is followed by infrastructure (21 per cent of respondents) and transport issues (20 per cent), specifically roading and the airport.

Chamber of Commerce Chief Executive John Milford says the turnaround in confidence in the region’s economy comes as no surprise.

“Confidence suffered a big hit in December after the earthquake-flood double-hit in November.

“Those events hit confidence hard, and though most businesses were back on their feet within days, they had an impact. That showed clearly in our special earthquake survey, when more than 62 per cent said they were impacted by damage to premises and stock, staff and freight disruption, and a reduction in business activity.

“Despite all that, we did detect an underlying confidence, with most of our numbers still running higher than national expectations, and that has continued in the latest survey.

“In our report in January we predicted there would be positive movement in the March survey, and we have not been disappointed.

“Though issues raised by the earthquake remain top of mind for many businesses and building owners, it’s back to business for most.

“GDP remains strong, even if it’s come back a little, consumer spending is steady, and there are plenty of jobs available.

“The increase in the number of businesses indicating a secure outlook for their own situation, a steady increase in their earnings, increasing investment in plant and equipment, and positivity around hiring intentions is proof that we are back on track.

“We’re a hardy lot, and it shows.”

Wellington businesses also have more confidence in the national economy than other business surveys show, even though the latest survey shows a slight decline.

“The ANZ survey last month showed confidence in the national economy at just a net 16 per cent, down from 21.7 per cent. In our survey, a net 43 per cent were confident the national economy would improve over the next 12 months.

“Locally, we have come through a tough time in pretty good shape, and I expect the optimism shown in this survey to continue to grow.”

Wellington Chamber applauds rates rise restraint

2017-03-27

Wellington – Wellington Council has done well to keep the 2016/17 rates increase to 3.3 per cent, in light of the many pressures put on spending, says Wellington Chamber of Commerce Chief Executive John Milford. Mayor Justin Lester made the announcement at his State of the City speech to a Chamber of Commerce event today. “This […]

Wellington Chamber applauds rates rise restraint

Wellington – Wellington Council has done well to keep the 2016/17 rates increase to 3.3 per cent, in light of the many pressures put on spending, says Wellington Chamber of Commerce Chief Executive John Milford.

Mayor Justin Lester made the announcement at his State of the City speech to a Chamber of Commerce event today.

“This is a positive outcome, considering we were steering down the barrel of more than a 5 per cent rise, and councillors and officers are to be acknowledged,” Mr Milford said.

“The unbudgeted costs from the earthquake threatened to push it past that mark, but clearly they have been able to find efficiencies from lower priority and reprioritised spending.

“This is something councils should be doing all the time and something the business community has been urging for a long time.

“Businesses have to make those sorts of savings on a daily basis to operate, so it’s pleasing that this council is taking that attitude with ratepayers’ money. Now it needs to continue.

“The council also needs to continue to work on re-prioritisation to ensure rates are spent in the most effective manner possible.

“It’s a separate issue to budget savings but no less important.”

Mr Milford said it was also good to see the council was continuing to work hard on ways to encourage the development of thousands of new houses in the public and private sectors.

“Developing new housing supply is a great way of ensuring housing across the city remains affordable, so the Chamber supports efforts to make best use of what land we have.

“Affordable housing is good for our young people, first home buyers and for helping to attract new people to come here to work and live.

“We don’t want to become an unaffordable city. We won’t grow like that.”

For more information contact Brent Webling 021 821 383

The Ceylon Chamber marks 178 years of service to its nation

2017-03-23

Colombo – The Ceylon Chamber of Commerce, Sri Lanka’s premier Business Chamber will complete 178 years of service to the nation on the 25th March, 2017, marking yet another achievement for an organization, which has played one of the most decisive roles in transforming the commercial landscape of Sri Lanka, since its inception in […]

The Ceylon Chamber marks 178 years of service to its nation

Colombo – The Ceylon Chamber of Commerce, Sri Lanka’s premier Business Chamber will complete 178 years of service to the nation on the 25th March, 2017, marking yet another achievement for an organization, which has played one of the most decisive roles in transforming the commercial landscape of Sri Lanka, since its inception in the 19th century.

The Chamber, Sri Lanka’s first and foremost Business Chamber was established in 1839, to foster and protect the growing commerce of Ceylon. The institution has since evolved with the growth of diverse economic sectors and today represents the interests of the entire business community of the country. In 1939 there were twelve Associations affiliated to the Chamber and nineteen members. Today, there are thirty six Associations and 581 direct members. In total the Chamber has an outreach which reaches to over 7000 companies, island wide.

Mr. Samantha Ranatunge, Chairperson of the Ceylon Chamber of Commerce said that the Chamber has remained a beacon of the private industry of Sri Lanka giving leadership to all sectors of commerce and being guided by the ten principles of the chamber governance which will stand for the development of the industry and the nation at large.

Mrs. Dhara Wijayatilake, CEO of the Ceylon Chamber of Commerce commenting on the event remarked that throughout its history The Ceylon Chamber has made a significant contribution to promote economic development of the country and has maintained its position as the foremost voice of private industry. The private sector has diversified and today offers new challenges which are more formidable than those accepted by the founders. The Chamber prides itself in having adapted to meet those challenges as a responsible voice and in compliance with its core principles in which it continues to place value.

Ceylon Chamber releases note on how government can help SL businesses adjust to trade liberalisation

2017-03-23

Colombo – The Ceylon Chamber of Commerce (CCC) on February 17 released a document containing recommendations on helping Sri Lanka’s industries prepare for trade liberalization. The policy brief titled, ‘Building Resilience, Supporting Growth: Preparing the Domestic Private Sector for Trade Liberalization’, provides insights on how to consider the types of firms, as well as types […]

Ceylon Chamber releases note on how government can help SL businesses adjust to trade liberalisation

Colombo – The Ceylon Chamber of Commerce (CCC) on February 17 released a document containing recommendations on helping Sri Lanka’s industries prepare for trade liberalization. The policy brief titled, ‘Building Resilience, Supporting Growth: Preparing the Domestic Private Sector for Trade Liberalization’, provides insights on how to consider the types of firms, as well as types of impacts, in a wide-ranging liberalization effort, and puts forward 11 specific suggestions on support measures.

Speaking on the release of this document, the Chief Economist of the CCC Anushka Wijesinha noted, “At a meeting last year, the Ministry of Development Strategies and International Trade met representatives of the private sector and indicated the Government’s plans to embark on an ambitious trade liberalization effort. Chambers were invited to suggest measures that can be put in place to help domestic businesses adjust to meet the challenges and opportunities of this process.

While specific proposals on support measures can only be developed once the specific scope of the liberalization exercise was made clear, the CCC formulated a note containing the overarching framework the government should consider, and submitted initial recommendations on what support measures can be deployed”.

Japan JCCI President Toru Ishida

2017-03-23

Tokyo – Mr. Toru Ishida is currently the president of the Japan Chamber of Commerce and Industry (JCCI) and the Tokyo Chamber of Commerce and Industry. Mr. Ishida took over the position in December 2015. He served as director and vice president of the Japan Alcohol Trading Co., Ltd. from 2013-2014. He was the director […]

Japan JCCI President Toru Ishida

Tokyo – Mr. Toru Ishida is currently the president of the Japan Chamber of Commerce and Industry (JCCI) and the Tokyo Chamber of Commerce and Industry. Mr. Ishida took over the position in December 2015. He served as director and vice president of the Japan Alcohol Trading Co., Ltd. from 2013-2014.

He was the director general of the Trade and Economic Cooperation Bureau in 2005 before occupying the same position with the Industrial Science and Technology Policy and Environment Bureau in 2007, both under the Ministry of Economy, Trade and Industry. Mr. Ishida graduated from the faculty of law at the University of Tokyo.

Wellington Chamber congratulates Eight Wire

2017-03-21

Wellington – Wellington start-up IT Eight Wire is to be congratulated for securing a major contract to build a data exchange platform for the government, says Wellington Chamber of Commerce Chief Executive John Milford. “This is very small business doing some very big things. “They have previously described themselves as ‘three guys and three laptops’, […]

Wellington Chamber congratulates Eight Wire

Wellington – Wellington start-up IT Eight Wire is to be congratulated for securing a major contract to build a data exchange platform for the government, says Wellington Chamber of Commerce Chief Executive John Milford.

“This is very small business doing some very big things.

“They have previously described themselves as ‘three guys and three laptops’, but they are clearly outperforming that image with this latest contract that will help allow agencies and NGOs to exchange sensitive information to better target investment in small groups.

“Last year they launched in the United States where they are taking on the likes of Oracle with their unique data transfer offering, and now they are scoring big contracts like this at home.

“This is another success for Wellington’s IT sector and another for the Wellington Regional Development Agency, which helped them get up and running in 2013.”

Indonesian Foreign Affairs Minister meets Sri Lankan business leaders

2017-03-15

Colombo – The Honorable A. M. Fachir, Vice Minister for Foreign Affairs of the Republic of Indonesia visited Sri Lanka recently during which time he met with the executive Committee of the Sri Lanka Indonesia Business Council along with other businessmen for a discussion about the business situation between the two countries. Mr Moiz Mohamedally, […]

Indonesian Foreign Affairs Minister meets Sri Lankan business leaders

Colombo – The Honorable A. M. Fachir, Vice Minister for Foreign Affairs of the Republic of Indonesia visited Sri Lanka recently during which time he met with the executive Committee of the Sri Lanka Indonesia Business Council along with other businessmen for a discussion about the business situation between the two countries.

International investors invited to Sri Lanka conclave in May 2017

2017-03-06

Colombo – The Ceylon Chamber of Commerce presents an opportunity to be introduced to the emerging preferred destination for investments in Asia – Sri Lanka. Sri Lanka Investment and Business Conclave 2017 offers the perfect blend of opportunities aimed at enriching institutional, corporate and individual investors and business houses with a comprehensive set of guidelines […]

International investors invited to Sri Lanka conclave in May 2017

Colombo – The Ceylon Chamber of Commerce presents an opportunity to be introduced to the emerging preferred destination for investments in Asia – Sri Lanka. Sri Lanka Investment and Business Conclave 2017 offers the perfect blend of opportunities aimed at enriching institutional, corporate and individual investors and business houses with a comprehensive set of guidelines for their investment decisions, and act as a networking opportunity for introductions to potential business partners with a view of establishing partnerships in Sri Lanka.

The conference titled “Growth through partnerships” will be held from 30th May to 1st June 2017 in the Cinnamon Grand Colombo in association with the Ministry of Foreign Affairs, Ministry of Development Strategies and International Trade, Ministry of Industry & Commerce, Board of Investment of Sri Lanka, Department of Commerce, Sri Lanka Export Development Board, Sri Lanka Convention Bureau.

The conference invites international investors to participate in the conference to learn about investments opportunities, regulations, business ideas, contacts and insights into the local market.

The Kowloon Chamber hosts New Century Elite Development Program about OBOR

2017-02-21

Kowloon – The Kowloon Chamber of Commerce (KCC) is organizing the “KCC New Century Elite Development Program 2017” from July 8 to July 27 this year. Held for 17 terms since 1998, the Program is one of the key KCC projects and has trained more than 2,250 university student elites from Mainland China, Taiwan, Macau and […]

The Kowloon Chamber hosts New Century Elite Development Program about OBOR

Kowloon – The Kowloon Chamber of Commerce (KCC) is organizing the “KCC New Century Elite Development Program 2017” from July 8 to July 27 this year. Held for 17 terms since 1998, the Program is one of the key KCC projects and has trained more than 2,250 university student elites from Mainland China, Taiwan, Macau and Hong Kong. The two-week program includes seminars and visits to enterprises.

This year’s program is divided into two training sessions, the first one will be from July 9 to July 15 to be conducted by a university in Mainland China, and the second part will be from July 16 to July 21 to be conducted in Hong Kong.

Featuring the subject of “The Influences of the Belt and Road Initiative on Economic Development of Greater China and the Promotion of Chinese Medicine,” the first week of the Program will be held in Xiamen, the birthplace of the Maritime Silk Road, by the Xiamen University. The total expected participants will be around 100, which will be divided as follows:

30 students from Mainland;

20 students from Taiwan;

30 students from Hong Kong;

10 students from Maritime Sild Road/South Asian countries;

4 students from Macau;

6 students majoring Chinese medicine in China

For more information on the Program, interested parties may wish to contact KCC Assistant Secretary Ms. Chen: chenmin@hkkcc.org.hk.

Colombo – The Ceylon Chamber of Commerce today released a document containing recommendations on helping Sri Lanka’s industries prepare for trade liberalization. The policy brief titled, ‘Building Resilience, Supporting Growth: Preparing the Domestic Private Sector for Trade Liberalization’, provides insights on how to consider the types of firms, as well as types of impacts, in […]

Colombo – The Ceylon Chamber of Commerce today released a document containing recommendations on helping Sri Lanka’s industries prepare for trade liberalization. The policy brief titled, ‘Building Resilience, Supporting Growth: Preparing the Domestic Private Sector for Trade Liberalization’, provides insights on how to consider the types of firms, as well as types of impacts, in a wide-ranging liberalisation effort, and puts forward 11 specific suggestions on support measures.

Speaking on the release of this document, the Chief Economist of the CCC Anushka Wijesinha noted, “At a meeting last year, the Ministry of Development Strategies and International Trade met representatives of the private sector and indicated the Government’s plans to embark on an ambitious trade liberalization effort. Chambers were invited to suggest measures that can be put in place to help domestic businesses adjust to meet the challenges and opportunities of this process. While specific proposals on support measures can only be developed once the specific scope of the liberalization exercise was made clear (products, sectors, and so on) the CCC formulated a note containing the overarching framework the government should consider, and submitted initial recommendations on what support measures can be deployed”.

This document has now been published for wider dissemination, with the aim of stimulating discussion, as well as action, on the next steps. It is available for download on the CCC website www.chamber.lk.

Wellington Chamber of Commerce welcomes Hilton Brand

2017-02-13

Wellington – Wellington’s image will be enhanced by the arrival of a 4½-star Hilton-brand hotel in the centre city, says Chamber of Commerce Chief Executive John Milford. “Having a DoubleTree by Hilton is great news for the city, and makes up for the disappointment of earlier plans for a 5-star Hilton Hotel falling through due […]

Wellington Chamber of Commerce welcomes Hilton Brand

Wellington – Wellington’s image will be enhanced by the arrival of a 4½-star Hilton-brand hotel in the centre city, says Chamber of Commerce Chief Executive John Milford.

“Having a DoubleTree by Hilton is great news for the city, and makes up for the disappointment of earlier plans for a 5-star Hilton Hotel falling through due to site issues.

“It adds to our already excellent portfolio of top hotels, and its location will bring its clients right into the heart of the retail ‘Golden Mile’.

“Developer Mark Dunajtschik clearly did a great job of restoring the distinctive old building to its former glory. Even though that was not his first wish for it, he is to be congratulated on an outcome that was good enough to attract the eye of the Hilton brand.

“This will be very positive for tourism, not just by adding 108 rooms, but in attracting overseas tourists who trust the Hilton brand.

“Let’s hope it leads to a 5-star Hilton coming here eventually.”

For more information contact Brent Webling 021 821 383

CACCI survey – The Impact of Trump’s “America-First” Policy and Brexit on Asia?

2017-02-08

To: All CACCI Primary Members Re: Request for Members’ Views on the Impact of Brexit and the Trump Presidency on the Region’s Economies The UK’s decision to leave the European Union (Brexit) on June 23, 2016 and the election of Donald Trump on November 8, 2016 have brought uncertainties – in varying degrees – to the […]

CACCI survey – The Impact of Trump’s “America-First” Policy and Brexit on Asia?

To: All CACCI Primary Members

Re: Request for Members’ Views on the Impact of Brexit and the Trump Presidency on the Region’s Economies

The UK’s decision to leave the European Union (Brexit) on June 23, 2016 and the election of Donald Trump on November 8, 2016 have brought uncertainties – in varying degrees – to the business community worldwide.

President Donald Trump withdrew from TPP (Trans Pacific Partnership) on his first day in office, promised to re-negotiate trade deals such as NAFTA soon, and proposed to negotiate one-to-one trade deals with other nations.

From the other side of the Atlantic, UK’s vote against continued membership in the European Union has caused turmoil in Europe and has sent shockwaves to the rest of the world.

CACCI would like to know your opinion on these two important international events and how they might affect your national economies as well as the Asian region as a whole. We would therefore appreciate it very much if your Chamber could provide us your thoughts on the following 2 questions:

1. What does the shift in U.S. economic and trade policy under the Trump Administration (espousing the so-called “America First” policy) mean for your country and for Asia as a whole?

2. What do you think are the economic consequences of Brexit for your country and for the region as a whole, and what are its geopolitical implications for Asia?

We hope to compile and summarize members’ responses to the above questions into an article to be featured in the CACCI Profile, our monthly newsletter. It would therefore be much appreciated if we hear from you on or before February 28, 2017.

Colombo – The Sri Lanka- Singapore Business Council (SLSBC) of the Ceylon Chamber of Commerce successfully concluded a business mission to Singapore recently. The mission was organized to coincide with the SBF Seminar on Doing Business and Opportunities in Sri Lanka followed by One-to-One Business Meetings held by the Singapore Business Federation (SBF). The objective […]

Colombo – The Sri Lanka- Singapore Business Council (SLSBC) of the Ceylon Chamber of Commerce successfully concluded a business mission to Singapore recently. The mission was organized to coincide with the SBF Seminar on Doing Business and Opportunities in Sri Lanka followed by One-to-One Business Meetings held by the Singapore Business Federation (SBF).

The objective of the SBF Seminar was to educate Singaporean companies on the potential opportunities in doing business with Sri Lanka. The event was attended by over 90 participants from 74 well established Singapore companies The Seminar concluded with scheduled one on one business meetings between the representatives of the Singapore companies and the Sri Lankan delegates as well as with the opportunity for the Singaporeans to interact with the official from the Board of Investment of Sri Lanka and clarify matters relating to potential investments.

Iran Chamber names new Deputy President for International Affairs

2017-01-05

Tehran – Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) named Dr. Mohammad Reza Karbasi as its new deputy president for international affairs. Dr. Karbasi concurrently serves as secretary general of the Iranian National Committee of Economic Cooperation Organization (ECO) Chamber of Commerce and Industry, and director general of Islamic Chamber Research and Information […]

Iran Chamber names new Deputy President for International Affairs

Tehran – Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) named Dr. Mohammad Reza Karbasi as its new deputy president for international affairs. Dr. Karbasi concurrently serves as secretary general of the Iranian National Committee of Economic Cooperation Organization (ECO) Chamber of Commerce and Industry, and director general of Islamic Chamber Research and Information Center (ICRIC).

Shafei elected as Iran Chamber president

2017-01-04

Tehran – Gholam Hossein Shafei was recently elected as the head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA). Shafei gained the top position in the Iranian Chamber of Commerce by winning 198 votes versus his rival Masoud Khansari with 194 votes. Gholam Hossein Shafei had previously chaired Iran Chamber of Commerce. He […]

Shafei elected as Iran Chamber president

Tehran – Gholam Hossein Shafei was recently elected as the head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA). Shafei gained the top position in the Iranian Chamber of Commerce by winning 198 votes versus his rival Masoud Khansari with 194 votes. Gholam Hossein Shafei had previously chaired Iran Chamber of Commerce. He served as vice president for 2 terms.

Colombo – The Ceylon Chamber of Commerce with a view to further promote trade and commercial activities between the private sector partners in Sri Lanka and Tajikistan, signed a Memorandum of Understanding (MOU) with the Chamber of Commerce and Industry of the Republic of Tajikistan on 14th December 2016 during the “Sri Lanka – Tajikistan […]

Colombo – The Ceylon Chamber of Commerce with a view to further promote trade and commercial activities between the private sector partners in Sri Lanka and Tajikistan, signed a Memorandum of Understanding (MOU) with the Chamber of Commerce and Industry of the Republic of Tajikistan on 14th December 2016 during the “Sri Lanka – Tajikistan Business Forum”, held at the Cinnamon Lakeside Colombo.

In the MOU, both parties agreed that coordinated efforts be made to promote business opportunities, joint ventures, initiate partnerships and arrange visits of business delegations.

Mrs. Dhara Wijayatilake, CEO of the Ceylon Chamber of Commerce and Hon. Nematullo Hikmatullozoda, Minister of Economic Development and Trade in Tajikistan signed the MOU on behalf of the respective parties, in the presence of His Excellency Emomali Rahmon, President of Tajikistan, Hon. Rishad Bathiudeen, Minister of Industry and Commerce and Hon. Dr. Harsha de Silva, Deputy Minister of Foreign Affairs Sri Lanka.

Ceylon Chamber of Commerce invites CACCI Members to the Sri Lanka Investment & Business Conclave 2017

2016-12-13

Colombo – The Ceylon Chamber of Commerce, in association with the Ministry of Foreign Affairs, is organizing the “Sri Lanka Investment & Business Conclave 2017” from May 30 to June 1, 2017 at the Cimmanon Grand Hotel in Colombo, Sri Lanka. Focusing on the theme “Growth through Partnerships”, the two-day event will feature a full-day […]

Ceylon Chamber of Commerce invites CACCI Members to the Sri Lanka Investment & Business Conclave 2017

Colombo – The Ceylon Chamber of Commerce, in association with the Ministry of Foreign Affairs, is organizing the “Sri Lanka Investment & Business Conclave 2017” from May 30 to June 1, 2017 at the Cimmanon Grand Hotel in Colombo, Sri Lanka.

Focusing on the theme “Growth through Partnerships”, the two-day event will feature a full-day Conference, B2B meetings and field visits. For more details, please access the official event website at http://www.invest/– srilanka.lk

ICC Australia Launches Asia-Pacific Commercial Mediation Competition

2016-12-12

The International Chamber of Commerce and Industry (ICC) Australia has announced the inaugural Asia-Pacific Commercial Mediation Competition, to be held in Melbourne, Australia, 7-9 July 2017. The Competition will allow undergraduate and postgraduate university students to gain valuable skills in mediation, an essential area of dispute resolution in international commercial law. Using the ICC’s established […]

ICC Australia Launches Asia-Pacific Commercial Mediation Competition

The International Chamber of Commerce and Industry (ICC) Australia has announced the inaugural Asia-Pacific Commercial Mediation Competition, to be held in Melbourne, Australia, 7-9 July 2017. The Competition will allow undergraduate and postgraduate university students to gain valuable skills in mediation, an essential area of dispute resolution in international commercial law.

Using the ICC’s established model, teams of 2-4 students will compete in realistic mock commercial disputes, adjudicated and mediated by world-class professionals. The Competition is the first of its kind in the region, and based on the annual ICC International Commercial Mediation Competition, held in Paris, France. The winners of the Asia-Pacific Competition will go to compete in the International Competition in February 2018.

ICC Australia encourages universities from across the region to register a team, and invites professional mediators and dispute resolution professionals to be involved as judges, mediators and mentors. For more information see the Competition website, or email mediationcompetition@acci.asn.au.

Colombo – The Ceylon Chamber of Commerce walked away with a Gold under the “Not for Profit Organizations (NPO), including Non- Governmental Organizations (NGO) sector” at the 52nd Annual Report Awards of the CA Sri Lanka. This is the 8th time the Chamber has won the Gold under this category since winning for the first […]

Colombo – The Ceylon Chamber of Commerce walked away with a Gold under the “Not for Profit Organizations (NPO), including Non- Governmental Organizations (NGO) sector” at the 52nd Annual Report Awards of the CA Sri Lanka. This is the 8th time the Chamber has won the Gold under this category since winning for the first time in year 2007.

Mrs. Alikie Perera, Deputy Secretary General and the Financial Controller of the Chamber accepted the award on behalf of the CCC. The Ceylon Chamber first entered this competition in 2006 and has won awards each year thereafter.

The competition, which selects winners based on highly stringent criteria evaluated by a Panel of Judges consisting of professionals from both the Private and the Public Sector, honors the most cohesive, clear and customized annual reports that best reflect an entity’s operations, and recognizes those that have gone beyond the statutory boundaries of reporting.

We are strong promoters of free trade…

2016-11-23

but there are some losers. What we saw in Brexit and recently in the US are corrections, said CACCI President Emeritus Kenneth Court, from Australia, during a radio interview with ICRT Radio FM 100.7 Taiwan – News Report about CACCI’s 50 anniversary broadcasted November 23rd 2016. Here is the transcript of the interview. Reporter: Business leaders from […]

We are strong promoters of free trade…

but there are some losers. What we saw in Brexit and recently in the US are corrections, said CACCI President Emeritus Kenneth Court, from Australia, during a radio interview with ICRT Radio FM 100.7 Taiwan – News Report about CACCI’s 50 anniversary broadcasted November 23rd 2016.

Here is the transcript of the interview.

Reporter:

Business leaders from 27 nations are meeting in Taipei to celebrate the 50th anniversary the Confederation of Asia Pacific Chambers of Commerce and Industry.

CACCI membership includes national chambers of commerce from a wide range of Asian countries such as from Turkey to New Zealand in the South Pacific. Former CACCI President Kenneth Court who hails from Australia says that despite recent setbacks internationally, his organization remains bullish on the regional economy.

Kenneth Court:

Over the past 50 years, we have been strong promoters of free trade and that has been the trend we have seen in globalization. But I acknowledge the fact that there are some losers. What you have seen in Brexit and developments in America is a correction. Maybe it has gone a little bit too far.

But as far as Asia is concerned, I mean, in the last twenty years we have gone from 25% of the World’s GDP to 40%. And the South East Asian countries are going to be the one who generate the growth not just within the regions but internationally.

Reporter:

CACCI predicts that Asian economies will growth at an annual rate of 5%.

Sri Lanka – Germany Business Council of the Ceylon Chamber hosts German Biz Delegation

2016-10-11

Sri Lanka – Germany Business Council of the Ceylon Chamber of Commerce hosted the high powered German Business Delegation arrived in Sri Lanka last week. The delegation from Asia Pacific Business Association, Germany was headed by Mr. Thomas Kriwat, CEO of Mercmarine Group of Companies. Mr. Mark Francis, President of the Sri Lanka – Germany […]

Sri Lanka – Germany Business Council of the Ceylon Chamber hosts German Biz Delegation

Sri Lanka – Germany Business Council of the Ceylon Chamber of Commerce hosted the high powered German Business Delegation arrived in Sri Lanka last week. The delegation from Asia Pacific Business Association, Germany was headed by Mr. Thomas Kriwat, CEO of Mercmarine Group of Companies. Mr. Mark Francis, President of the Sri Lanka – Germany Business Council of the Ceylon Chamber of Commerce speaking during the occasion, emphasized the importance of having close relationship with Sri Lanka and Germany.

He said strong and close relationship will encourage the growth of bilateral trade and Investment between the two counties. Further, the Asia Pacific Business Association expressed their interest in working more closely with the Sri Lanka – Germany Business Council of the Ceylon Chamber of Commerce.

The Embassy of the Federal Republic of Germany associated with the Sri Lanka – German Business Council in hosting the delegation. The event took place at the Hilton Colombo Residences.

Youth Business Sri Lanka partners with GS1 Lanka, to help young entrepreneurs

2016-09-30

Youth Business Sri Lanka entered into a partnership with the GS1 Lanka to provide its young entrepreneurs with a range of services such as obtaining barcodes and providing them with access to the practices adopted in the global supply chain systems. The agreement was signed between the two parties recently at the Ceylon Chamber of […]

Youth Business Sri Lanka partners with GS1 Lanka, to help young entrepreneurs

Youth Business Sri Lanka entered into a partnership with the GS1 Lanka to provide its young entrepreneurs with a range of services such as obtaining barcodes and providing them with access to the practices adopted in the global supply chain systems. The agreement was signed between the two parties recently at the Ceylon Chamber of Commerce.

Youth Business Sri Lanka, which operates under the purview of the Ceylon Chamber of Commerce (YBSL), is a national organization which promotes young people to start their own business and transition from being Job takers to Job makers.

In the meantime, GS1 Lanka, which is housed at the Ceylon Chamber of Commerce, is the sole authorized body to operate the Global supply chain standard system in Sri Lanka. Mr. Varatharaja Kumaraguru, Country Manager YBSL and Mr. Anthony Peiris, representative of GS1 Lanka, signed on-behalf of the respective organizations.

The Ceylon Chamber & SLRA sings MOU

2016-09-29

Colombo – The Sri Lanka Retailer’s Association (SLRA) entered into a MOU with Ceylon Chamber Of Commerce (CCC) on the 29th of September 2016, which will result in the Chamber providing the Association with secretarial and other required support towards achieving the Association’s objectives and goals. The MOU was signed by Ms. Dhara Wijayatilake, CEO […]

The Ceylon Chamber & SLRA sings MOU

Colombo – The Sri Lanka Retailer’s Association (SLRA) entered into a MOU with Ceylon Chamber Of Commerce (CCC) on the 29th of September 2016, which will result in the Chamber providing the Association with secretarial and other required support towards achieving the Association’s objectives and goals.

The MOU was signed by Ms. Dhara Wijayatilake, CEO of the Ceylon Chamber of Commerce and Mr. Hussain Sadique, Chairman of the Sri Lanka Retailer’s Association, on-behalf of the respective parties. The Sri Lanka Retailer’s Association was incorporated during June 2016, as a Company Limited by Guarantee. The Association’s objective is to harness the resources of the organized retail industry to a common platform to promote and facilitate futuristic Innovation, Growth and Global outreach. SLRA has an ambitious Vision to “Achieve Retail Excellence” in Sri Lanka. To achieve this vision, it strives to be the ‘Voice of the Retail industry in Sri Lanka’

Interview with Pradeep Kumar Shrestha, CACCI VP

2015-10-01

We have excerpts of the interview with Mr. Pradeep Kumar Shrestha, Managing Director – Panchakanya Group & CACCI Executive Committee Member. Can you name one person who has had a tremendous impact on you as a leader? How has this person impact your life? How has he impacted your leadership style? There is a proverb […]

Interview with Pradeep Kumar Shrestha, CACCI VP

Can you name one person who has had a tremendous impact on you as a leader? How has this person impact your life? How has he impacted your leadership style?

There is a proverb that says the child inspires the father as the morning inspires the day . My father Mr. Prem Bahadur Shrestha, Chairman of the Panchakanya Group of Nepal has always been my source of inspiration.

A couple of decade back, I read a book written by Mr. Mark H. Mc Cornell titled “The 110 % Solutions.” Somewhere in the book, there was a phrase that started with the words “What they don’t teach at Harvard Business School …“ I have been fortunate to have received great informal education and superb business training from my father, Mr. Prem Bahadur Shrestha.

A person can show us the right path, but it is up to us to travel the distance at the right speed and with caution so we can reach the destination.

The goal is to be a leader who can turns dreams into reality by working diligently, with determination, as part of a team.

What have you done that reflects this philosophy?

It is not only the person but also the system and philosophy that drive the organization. We need to be more proactive than reactive because that is the need of the times.

We need to learn to trust others by developing a system of check-and-balance, and manage the ups and downs of all activities in our organization. We also need to learn to be transparent and pave the way for the new generation to carry on the tradition to achieve the organization’s goal.

How do you then communicate this philosophy to the people you work with (your management)?

Every employee is gifted with certain abilities and we should make everyone feel part of the organization’s success so that they are proud for their contribution. Nobody can achieve goals in isolation so teamwork and team spirit are essential. In fact, we should solemnly pledge “Together we achieve, divided we fall.”

What do you think is one of the must-have traits in every leader?

A good leader should analyze the subject matter and present it logically. Thus, a leader should be patient to realize the vision, be able to grab opportunities, fight the challenges that come along the way and be able to manage successes and failures.

What are the most important decisions you make as a leader of your organization?

My company has always been pioneering and has always taken risk in initiating projects. It will continue doing so by taking time-calculated risk and diversifying possible risk factors for a timely accomplishment.

What is most important to your organization – mission, core values or vision?

I believe a vision with action.

It is very important to always remember the responsible citizens of the country, to help improve their livelihood and be a good example to them.

How do you as a leader communicate the core values?

On a friendly note

How do you ensure that the organization and its activities are aligned with your core values?

Every employee is part of an organization’s success and failure, but we should not pick on him/her individually. I personally don’t micromanage because I want to develop trust. However, the service and quality of our products cannot be compromised.

What is the one characteristic that you believe every leader should possess?

To achieve sustainable growth, the important thrust should be in generating new creative leaders and exercising the vision to change traditional roles. A masterpiece is created by a skillful hand, not by a powerful chisel. Creativity is key.

What is the biggest challenge facing leaders today?

Finding and retaining the right candidate is one the biggest challenges facing leaders today. Another challenge is to help the employee take ownership of his/her actions and build a bond of trust with him/her.

What is one mistake you witness leaders make more frequently than others?

The most common mistakes are lack of trust, not doing the proper homework, and relying on your subordinates more than necessary.

What is one behavior or trait that you have seen derail more leaders’ career?

Lack of Trust

The challenge is that the more popular you become, the more criticism and enemies you will add to your roster. Nevertheless, we should not be reactive and instead be able to listen coolly and act diplomatically to address the situation.

Can you explain the impact, if any, that social networking has made on your leadership style?

Today, the world is a global village speeding on the information superhighway. So one should be able to manage successes and failures and also be able to digest the outcomes under any circumstances. The young generation has completely flooded the world with Information Technology which can be a big asset if one can capitalize on networking developments.

Do you think that is the great platform for you to inspire others?

Yes, I have certainly benefited from networking these applications. Social Networking can either be a very powerful or harmful tool, depending on how you use it. I personally believe that it is indeed a great platform to inspire others even though I haven’t used it to do so. However, my sons have shown me some apps that I could use and I have been getting more comfortable with the technology, i.e. blogging on sites like LinkedIn.

How then do you sustain yourself as a great leader?

Great leaders always face threats. It is therefore important to nurture new leaders who can carry the legacy of the organization and who can also shift patterns without much hesitation.

What advice would you give someone going into a leadership position for the first time?

Some leaders are born but most leaders are made with guidance and support. One should not be hasty in taking decisions and instead believe in collective efforts and team work.

What are you doing to ensure that continue to grow and develop as a leader?

I will adapt to the changes that flow with time

What is the legacy that you want to leave behind?

That my name be taken as a good example to others.

What do you think your country needs today in terms of leadership, business wise?

Regular discussion & interaction program

I always remember the Chinese proverb “If you have a vision for a year, sow a seed. If you have a vision for a decade, plant a tree. And if you have vision for a century or more, invest in human resources.” I believe now is the time for captains of the business community of CACCI to promote the exposure of the organizations’ employees and encourage them to join Employee Exchange Program.

What advice would you give to budding entrepreneurs?

United we stand, divided we fall.

Australian Chamber has a new identity

2015-08-17

The Australian Chamber of Commerce and Industry (ACCI) is dynamic, innovative and focused on the future, just like the hundreds of thousands of Australian businesses it represents. This is the message that the ACCI’s new corporate identity seeks to convey. The Australian Chamber’s new corporate identity will define the organization as it undertakes an exciting […]

Australian Chamber has a new identity

The Australian Chamber of Commerce and Industry (ACCI) is dynamic, innovative and focused on the future, just like the hundreds of thousands of Australian businesses it represents. This is the message that the ACCI’s new corporate identity seeks to convey.

The Australian Chamber’s new corporate identity will define the organization as it undertakes an exciting period of growth. It will also help unite chambers of commerce and national industry associations across the country.

The new identity builds on the Australian Chamber’s position as a bold champion of private enterprise, embracing innovation in its leadership of the Australian business community.

The new identity is built around the Federation Star, a distinctly Australian design that brings together all parts of the country and takes pride of place on the national flag. Within the star sits a two-tone arrow that points upwards to the future, representing leadership, direction and targeted action.

ACCI’s new positioning line “Working for business. Working for Australia.” reflects the mission of the organization: making Australia more prosperous by improving conditions for the 300,000 Australian businesses employing more than four million people across our member network.

With the Australian Chamber an active participant in international forums, including the International Chamber of Commerce, the new identity will help to build global recognition of the talent and capabilities of Australian business.

The new corporate identity was developed by internationally renowned graphic designer Ken Cato of Cato Brand Partners.The new identity heralds an era of expansion for the Australian Chamber.

The Australian Chamber has this year increased its membership by nearly 30 percent. It has also launched a new Business Leaders Council, allowing individual businesses to participate directly in the Australian Chamber’s activities. It is undertaking a landmark Productivity, Education and Training program to help Australian businesses reach their full potential.

These new activities are in addition to the significant public policy and advocacy work of the Australian Chamber. These initiatives, and many more planned, will ensure the Australian Chamber remains the leading voice for Australian business to government and the community at home and abroad.

The Australian Chamber’s new corporate identity was launched at Parliament House on August 17 2015 at the inaugural Business Leaders Summit. ACCI News Release.

Interview with Fedor L. Degtiarev, South Urals CCI President

2015-07-01

Find out more about SUCCI’s inspirational success. We have excerpts of the interview with the President of the South Urals Chamber of Commerce and Industry. Can you name another chamber that serves as your inspiration? How and Why? I do not think I can name one certain chamber that inspires me most, for it would […]

Interview with Fedor L. Degtiarev, South Urals CCI President

Find out more about SUCCI’s inspirational success. We have excerpts of the interview with the President of the South Urals Chamber of Commerce and Industry.

Fedor L. Degtiarev, South Urals Chamber of Commerce and Industry (SUCCI) President

Can you name another chamber that serves as your inspiration? How and Why?

I do not think I can name one certain chamber that inspires me most, for it would imply knowing peculiarities of each of them. However, I am confident that any particular chamber has advantages and successes of its own, which are worth adopting.

Chambers of Commerce and Industry in Russia, Asia-Pacific Region and Europe operate in different ways. For example, in countries of continental Europe companies must belong to a local chamber of commerce, while with us the membership is absolutely voluntary. Still, one of the chambers that made a strong impression on me was the Chamber of Commerce and Industry of Leon (France).

I could not help admiring both its building and its work. The building the Leon CCI occupies is a masterpiece of architecture. The itself chamber is famous for its traditions, in the first place traditions of interacting with businesses, and it commanded my profound respect by the fact that they succeeded in establishing one of the best business-schools in Europe.

What are the most important decisions you make as a leader of your chamber?

I would say that it was the decision to construct our own office building. That was a solution crucial for development of the chamber, and it was really hard to venture a new step like that. To implement this project we had to reduce the chamber’s budget, among other things we had to cut down welfare payments. I am grateful to my staff members who had an insight and showed determination to construct the building of our own. It was difficult, but we did it.

Today the South Urals Chamber of Commerce and Industry (the SUCCI) owns the office space in the centre of Chelyabinsk; its area is more than 2.5 thousand square metres, 400 of which are let on lease. More than 150 people work in the SUCCI as staff members.

What is most important to your chamber – mission, core values or vision?

The mission of the South Urals Chamber of Commerce and Industry is to ensure the basis for economic leadership of Chelyabinsk Region by means of promoting regional business, increasing its efficiency and competitiveness.

The SUCCI currently renders about 200 services that cover practically the whole scope of entrepreneurial activity. It acts as a connecting link between businesses and authorities. The Chamber is the leading regional institution in the field of foreign economic activity. We aid entrepreneurs in running their businesses at all stages, by offering solutions for any problem related to economic activities, interactions with regulatory bodies, launching new markets, etc.

At the present time the SUCCI unites over 600 entrepreneurial agents, most of whom are representatives of small businesses (85.5 per cent). According to the results of the Internet-voting, in 2010 the South Urals CCI was recognised as the most effective public organisation of Chelyabinsk Region that offers real support to businesses.

How do you motivate the chamber staff to share your vision?

I would say this is a profound philosophical question, which is most difficult to answer. It is unlikely that such a question could be asked by representatives of European culture. Their wording would rather focus on more pragmatic aspects, and would sound as follows: How do you motivate the chamber staff to increase income?

But for me, living on the border of Europe and Asia this «Asia-Pacific question» is clear because it does match Russian mentality.

My answer is: it is impossible to make people share your vision with money or benefits! This is as impossible as to buy love or true friendship!

150 employees of my chamber are people who are completely different in regard to their age, education, religion, etc. Still, every day for the past 20 years I have been making sincere efforts to attend to every person, create a warm atmosphere in the CHAMBER as a model of the family.

I am always trying to act honestly with those who work with me, and I will always support them in trouble and defend their interests. I am sure that they trust me and that is why they undoubtedly share my vision without being specially motivated.

How do you encourage creativity in your chamber?

The SUCCI carries out an extended social programme that provides for interest-free loans for purchasing flats, financial support for young families and employees who have lost their close relations, life-time retirement payments for key staff members and top-managers of the SUCCI divisions, assistance in receiving further education. We appreciate their contribution and cherish our key employees, being aware that they are the people who insure the Chamber’s success.

What is the biggest challenge facing the chamber today?

The only challenge we are facing is EU sanctions that cause certain difficulties for normal business evolution. In fact, politics now hinders effective and mutually beneficial co-operation between countries, and in the long run actually prevents from improving quality of life, which is our common purpose.

Under these conditions we should follow the principle once set up by Charles de Gaulle: “It is possible to break off diplomatic relations, but relations between chambers of commerce and industry will never be suspended”.

Can you explain the impact, if any, that social networking has made on the Chamber?

Obviously, well lined up social contacts enable us to solve business issues promptly and to attract more representatives of authorities at all levels to participation in business events conducted by the chamber.

In order to widen and strengthen interactions with state and municipal authorities, regional branches of federal structures, local chambers of commerce and industry and other organisations, the SUCCI made more than 130 cooperation agreements.

What advice would you give other chambers?

Learn the art of building up relations with all kinds of partners, both authorities and businesses, while preserving your independence.

What are you doing to ensure that the chamber continues to grow?

We just never stop. To go forward we constantly diversify the range of services to businesses, improve quality of the rendering of services, enhance efficiency of interactions with business partners and expand useful contacts.

What is the legacy that you want to leave behind?

The principal legacy is people, the team, which can solve any problem.

What do you consider to be the biggest challenge in operating the chamber?

There are certain difficulties, connected, for example, with allocation of functions and responsibilities among employees, delegating authorities so that they correspond with their competences. As a matter of fact, the most significant thing in management is to assign correct tasks to correct people, so that everybody would do his or her job properly, performing as a high-grade professional in a particular domain. I am not an expert in all spheres, moreover, it is impossible in principle, but I consider myself to be good at finding people who can manage the given job best.

What can the chamber do to increase the value of its membership?

The chamber is the main lobbyist of interests of business among authorities. It is essential to keep improving in this aspect. In 2014 only the South Urals CCI directed more than 110 motions drafted by the business-community of Chelyabinsk Region. These motions are aimed at legislative developments in the domain of entrepreneurship. Many of our initiatives were approved by lawmakers. For example, in late January 2015 deputies of Chelyabinsk Region enacted the law on the tax assessment at the rate of zero percent for individual entrepreneurs when applying the conventional and patent systems of taxation. The SUCCI took an active part in developing the draft legislation by directing its recommendations. Adoption of this law is very timely, especially if we take into consideration the current situation in economics. For regional business the law presents a significant support.

What makes South Urals Chamber so unique?

People. The biggest wealth is people.

Envoys of Philippines and Vietnam visits Ceylan CCI’s member companies

2015-06-28

The Ceylon Chamber of Commerce recently, facilitated a meeting between Sri Lanka’s designated envoys to Vietnam and Philippines, respectively Mrs. Hasanthi Dissanayake and Mrs. Aruni Ranaraja and some local companies, who are doing business with the respective countries to discuss matters relating to trade and commerce between Sri Lankan and those two countries. During the […]

Envoys of Philippines and Vietnam visits Ceylan CCI’s member companies

The Ceylon Chamber of Commerce recently, facilitated a meeting between Sri Lanka’s designated envoys to Vietnam and Philippines, respectively Mrs. Hasanthi Dissanayake and Mrs. Aruni Ranaraja and some local companies, who are doing business with the respective countries to discuss matters relating to trade and commerce between Sri Lankan and those two countries.

During the discussion, Mrs. Ranaraja – the designated envoy to Philippines urged the local businesses to utilize the trade agreements – Sri Lanka has signed with foreign countries by following up the concessions given by those agreements. The participants also raised questions about the non – issuance of multiple entry visas for local businessmen, when visiting those countries, which the duo said, they will try to address by discussing with the governments of respective countries.

The duo also urged the local businesses to try and establish new business partnerships, such as Joint Ventures with the investors of Vietnam and Philippines, apart from focusing on exporting products to those countries. Diplomats designated to various countries visit the Ceylon Chamber of Commerce as a customary practice to meet and discuss with the local business community engaged in doing business with the respective countries and also to meet the representatives of the Business Councils, who deals with respective countries.

Ms. Lilakshini De Mel, Senior Assistant Secretary General of the meeting facilitated the discussion between the designated envoys and the business community, on-­‐behalf of the Ceylon Chamber of Commerce.

Interview with Samir Modi, CACCI Sr. VP

2015-04-01

Samir Modi is the Senior Vice President of the Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI). Truly a captain of the industry, he espouses his philosophy in his professional and personal life. When we wanted to showcase the inaugural “In Conversation” in the CACCI website, we could not have found a better candidate than Samir […]

Interview with Samir Modi, CACCI Sr. VP

Samir Modi speaking during the 30th CACCI Conference in Taipei

Samir Modi is the Senior Vice President of the Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI). Truly a captain of the industry, he espouses his philosophy in his professional and personal life. When we wanted to showcase the inaugural “In Conversation” in the CACCI website, we could not have found a better candidate than Samir Modi. Not one to shy away from calling a spade a spade, his thought leadership is refreshing and certainly carried the Samir Modi signature.

We had the opportunity to talk face to face with Samir Modi when he attended the CACCI Planning Meeting in Hong on 5th February 2015. Here is the excerpt of the interview; read on for you will certainly learn many “firsts”.

Interviewer: Can you name one person that has huge impact on you with regard leadership style?

Samir Modi: My grandfather has had a great impact on my leadership philosophy. And Richard Branson.

Interviewer: So what has he done to impact your life?

Samir Modi: He was an exemplary leader, who always placed his people first. This philosophy remains at the core of my leadership style as well. It has helped me to focus on creating business units that are driven by a passionate and committed teams of people.

Seeing Richard Branson do what he does has helped me to believe in innovation and challenging the norm to create something bigger and more beautiful.

Interviewer: How has he impacted your leadership style?

Samir Modi: My grandfather really believed in giving back to the community and to its people. For example, he believed that you have got to take care of the people around you; they are your greatest assets. He also believed that you had to be the best in your class and if you can’t then bring the best companies in the world to India.

Interviewer: Since you have taken over the Modi Group, what have you done that reflects this philosophy?

Samir Modi: My core belief is not to only reflect on bottom lines, but also in people. So from that point of view, my philosophy of life is that even when I am no longer at the helm of affairs, or no longer part of this world, my efforts will have had a positive impact on the lives of many! And whether I have made a difference.

Interviewer: How do you then communicate this philosophy to the people you work with (your management)?

Samir Modi: I believe in leading by example. In such things, rather than preach, it is important to set precedents. When I make a business decision, it is not just based on the growth and expansion plans of the business, but on how that decision will impact the lives of the people who are the various stakeholders. I am not a traditionalist, and I cannot operate in boundaries or conventions. The more years that I spend in the business world the hunger I get to innovate and challenge the established norms of the world. I want to create and leave behind a legacy that has touched the lives of many.

Interviewer: What do you think is one of the must have trait in every leader?

Samir Modi: Every leader needs the courage to go with their gut, conviction and their heart. Then there will be no power that can stop an idea whose time has come.

Samir Modi: If you can’t be different then you will cease to exist. And if you cease to exist then you can’t make this world a better place to be.

Interviewer: You have seen many leaders; what do you think is the one thing that derails them from being great leaders, what caused great leaders to derail?

Samir Modi: I think most leaders start off with a dream, but after a point they lose focus on what they started and why they started it. Therefore they get bound in the old thoughts and way of doing things.

Interviewer: Explain.

Samir Modi: Tradition is living in the past and not living for today, not seeing reality in the present, and not seeing what comes ahead, not being visionary for tomorrow.

Interviewer: Perhaps they can see but they don’t have the courage to do it.

Samir Modi: That’s bondage right – when you feel you are bound and you are caged in – that is what industry does, that is what tradition does, that is what ,it’s supposed to be done, I can’t do this, I can’t do that – you are constantly making reasons. Along the line you are losing humanity or humaneness, it’s not all about money, it cannot be the fortune, it is not about the past, it is not about tradition – it is about the people, people who care, people who work hard. Also, I like pushing the edge, in terms of expansion, in terms of innovation.

My philosophy is truly different, yes!, making money is important, – but can I take it to my grave, can I fill my grave with diamonds, will diamonds go up to heaven with me?

Interviewer: So, what would be the legacy you want to leave behind, what you would want people to say, you know once Samir has moved on.

Samir Modi: I would like to have made a difference in the lives of people I have touched. Sort of the world with me and the world without me.

Interviewer: Yeah.

Samir Modi: I live with my own principles and my own yardstick. Which is based on who I am and what I am. It is not based on how rich you are and how much wealth you have, who you know and what I can get from you in return. My life is not worth anything if I have not contributed and made a difference. I am not wanting anything from you in return. Life is about the possibilities and never about money. One’s bank balance should not be the driving force.

A lot of people are confused with this stance. They ask how it is possible to take such a position; I can, because I do not conform to others or let others define me and own me. The day I bow to someone else’s will then I would have lost my soul. For example, you have some perceptions in your mind about me and if I conform – you have owned me. I only believe in myself, I can come with myself, and I can live with myself. Money comes, money goes but my entity is Samir. At the end of the day it does not matter who you are, how much wealth you have, what cars and houses you have but despite all this it is what you have left behind and how you made a difference.

That’s the legacy I want to leave behind.

Interviewer: Do you think that social media has impacted your leadership? Do you even believe in it?

Samir Modi: I think social media is a great method to reach the masses. If you use it wisely then you can do wonders and truly enable change. I am learning to use it effectively.

Interviewer: How has it impacted your leadership style?

Samir Modi: It hasn’t because my leadership style is based on my belief, my conscience and my heart.

Interviewer: It hasn’t? Do you think that is the great platform for you to inspire others?

Samir Modi: Social media can be a great platform to inspire others. It has the power where you can reach the world with just one click of a button. It has the power to make immense change and create a revolution if people know you and what you are saying and what you have to offer to them.

Interviewer: How then do you sustain yourself as a great leader?

Samir Modi: Through the love of the people around me, by constantly challenging the norm and by not being afraid to take the risk by merely a belief that you have within you.

Interviewer: So that fits you.

Samir Modi: Yes it fits me as long as I am true to myself and in what I am offering and bringing to this world.

Interviewer: Why do you need people to love you so much?

Samir Modi: I just need to touch lives, that’s love; when I touch lives, I make a difference. I need to make a difference, I’m born in this world to do something, I believe I can do something great, but I don’t need to be noticed. Also when you give love to anything, then you can make it grow, blossom and be who it can be. That is the very essence of all creation and what keeps me going.

Interviewer: What do you think India needs today in terms of leadership, business wise?

Samir Modi: India needs leaders who can think beyond business and money. It needs leaders to think in terms of community, sustainability, hygiene, employment, poverty, woman and children.

Interviewer: So dare to be different…

Samir Modi: If can’t be different then you can’t make a difference. You can’t give birth to a new idea.

Interviewer: And if it’s beyond business.

Samir Modi: Business should not be all about turnover and bottom line. It needs to be beyond business. It needs to challenge what is out there. It should be about people, bringing change, giving back, doing things differently and believe in an idea whose time has come.

Interviewer: But do you think you are in this privileged position and so you can afford to be like this?

Samir Modi: it is because I am in a privileged position that I can use what I have to make a difference.

Interviewer: And you make no apologies for that?

Samir Modi: If I am in a privileged position, then I intend to make that privilege count – that is to be better. Being better means I use this privilege to make a difference because I have been blessed by God with immense resources. If I don’t use that blessing to bring about change then I will be abusing what I was born and suffer in my next life. I believe immensely in karma. What you do in this life will determine your next. It is all about how you look at what you have. You can either look at wealth and fame and let that drive you or think from your heart by having the desire to be different and do different. I choose what I have for betterment of people and society. Wealth can be a boon or a curse because it all depends upon how you make use of it.

Interviewer: Are you actually maximizing your privileged position to do even more?

Samir Modi: Yes I think I am but at the same I feel that I can do even more.

I have so many ideas and so many desires that I feel there are many miles to go and many things to do. I am not afraid to dirty my hands, I’m not afraid to roll up my sleeves –I’m not afraid to wipe the floor literally, and if that has to be done- it will get done even if I have to personally do it.

Interviewer: If that’s your philosophy then don’t you think of going into politics – your actions will have a greater impact?

Samir Modi: I don’t believe in politics so it does not matter what the impact would be. I feel that what I have to do I should do and that does not need politics but a large heart.

Interviewer: You don’t believe in politics?

Samir Modi: I don’t believe in politics, I don’t read newspapers; people ask me why I don’t read newspapers. I see big calamities and it is saddening. However, I do read the newspaper if my name is in it, definitely I’ll read it because it affects me. So it is narcissistic; so that maybe a very simple way of life, and may not be a right way of life – but it is the truth. I go with my heart. I‘m not for sale, no one can buy me, even if you give me a billion dollars you can’t buy me. A billion dollars is a lot of money – but I don’t need it, my soul is worth more.

Interviewer: Samir is Samir.

Samir Modi: Samir is what you perceive me to be. That perception of who I am has to gel with who I truly am. I need to be seen as real, a man who is not afraid to cry, someone who can own up to his mistakes and someone who has touched your life. If that is what you see and think of me then truly Samir is Samir. You get what you see.

Interviewer: Is that the advice that you would give all to entrepreneurs? Be true to yourself.

Samir Modi: Go with your heart and don’t wait for things to happen. Make them happen and miracles will surround you. You feel alive and you would have truly lived.

Interviewer: Yes and you worked for Philip Morris in the US and you rose to a very high position.

Samir Modi: I worked for Philip Morris as a management trainee and learnt the ropes of marketing from them. They gave me the ability to see beyond and become a true marketer. They gave me the belief that I can be whatever I dream to be. They taught me to look at minute details and become a perfectionist. In fact it is with this philosophy I am launching my own brand of cigarettes.

The name of the brand is ‘sm’ but it is based on my personality and my philosophy.

Interviewer: That’s the name of your cigarette brand? Available this week?

Samir Modi: it will be available later this month.

Interviewer: Alright, you first heard it on the CACCI website, seriously? Wow!

Interviewer: You’re American man, you’re a Philip Morris.

Samir Modi: No I am an Indian who is proud of his roots and one who will die for his country.

Interviewer: Of course you smoke Marlboro; you’ve been promoting that baby for 20 years.

Samir Modi: Yes I have been smoking Marlboro for as long as I know. But it is time for a change and I am ready to smoke my own brand that will truly represent me.

Interviewer: I read your whole CV.

Samir Modi: I hope that you have.

Interviewer: You work for them.

Samir Modi: Yes I do and I am proud of it.

Interviewer: Over time you rose to a high position in the company.

Samir Modi: I rose to a position due to the faith and trust my father gave me. Because he gave me the opportunity to be who I am and do what I want. He taught me how to be an entrepreneur. This along with my philosophy, my belief had brought me where I am today. In fact it is not about the position you hold in the family business but about what value you bring to it. I believe that one should not be bound by the society and its norms. Believe in yourself, be true to yourself and do what your conscience and belief allows you to be. Then only can you soar high and touch the stars.

Interviewer: This is truly the case because everybody knows that smoking is bad and here you are launching a new cigarette brand.

Samir Modi: Can’t help it. I am hooked line and sinker and now I am just taking it to the next conclusion.

Interviewer: And here you are launching cigarette that is supposedly bad for your health, and then you call it “sm” with the tag line dare to dream. Talk about oxymoron?

Samir Modi: it’s has nothing to do with being bad or good. It’s about my philosophy in life and what I believe in.

Interviewer: Regardless of the fact that cigarette smoking is bad.

Samir Modi: A lot of things are bad for your health in life. Too much chocolate is not good for you, coffee with its caffeine is not good for you.

For me I know and realize that things are bad for me but I want to live my life to the fullest. My belief is bad or not when I gotto go I gotto go. Nothing in the world can stop that because my time here on earth is over. I have the minutes assigned to me by God. When I smoke, I smoke my own brand. I don’t care about some else’s brand.

Interviewer: So some would accused you of being narcissistic won’t it?

Samir Modi: You can accuse me of anything and that is your prerogative. I can’t influence that. But I can make you see the true Samir and what I am if you let me.

Interviewer: You don’t care.

Samir Modi: The day you accuse me of not being Samir, then I will truly stand up and care.

Interviewer: That’s when you have a problem.

Samir Modi: Yes that will be judgement day because I would not have done what I was willed to do. I’m 45 years old, I keep on telling myself that I will retire at 50.

Interviewer: And will you?

Samir Modi: Inshallah, I hope.

Interviewer: Inshallah.

Samir Modi: At the same time I wonder about what I will do after that, when I retire at 50, I’m a guy who cannot sit at home. I do a lot of research. My phone camera has two thousand photographs. I click everything everywhere, these pictures give me ideas and fuels my passion. When I create then I feel really alive. Therefore I need to create. That is the only way I can be who I am.

Samir Modi: I only know that if I am true to myself as a businessman, as an entrepreneur, as a father, as a boss, as a colleague, as long as I’m true to myself and I have not harmed you, then I’m in a good place. My parting shot to all entrepreneurs and businessmen – anyone can open a shop and be a business man. But give him a million dollars and if he can make a difference and along with that make it a billion – that’s entrepreneurship.

SAMIR MODI BIOGRAPHY

Samir Modi, as Executive Director of Godfrey Phillips India (GPI), the group’s flagship company he is credited with many firsts. He launched Colorbar Cosmetics, a world-class colour cosmetic company. He also is the brain behind India’s first of its kind convenience store – Twenty Four Seven Retail Stores.

Samir Modi is an alumnus of Harvard Business School, USA and graduated from the Hindu College, Delhi University. He completed his formative education from Doon School in Dehradun.

HIV / AIDS is a cause very close to Samir’s heart. In 1996, he established the Modicare Foundation to prevent the spread of AIDS. In 1998 he published and compiled a book called ‘The Positive Side’ that would raise awareness about HIV/AIDS. The Foundation won the President’s Award for its exceptional work in gender related issues in India.

Interview with Sergey Katyrin, The Chamber of Commerce and Industry of the Russian Federation President

2015-01-01

Can you name another chamber that serves as your inspiration? How and Why? My Russia is vast enough for me; the source of my inspiration, as you have put it, is the national system of chambers of commerce and industry. This is a unique structure. In “a vertical way,” it represents the interests of all […]

Interview with Sergey Katyrin, The Chamber of Commerce and Industry of the Russian Federation President

Sergey Katyrin, Chamber of Commerce and Industry of the Russian Federation (CCIRF) President

Can you name another chamber that serves as your inspiration? How and Why?

My Russia is vast enough for me; the source of my inspiration, as you have put it, is the national system of chambers of commerce and industry. This is a unique structure. In “a vertical way,” it represents the interests of all business strata – small, medium and large. And in “a horizontal way,” it embraces every sphere of enterprise – industry, trade, both domestic and foreign, agriculture, the financial system and services.

Its multifaceted nature and the multidirectional, multifactoral tasks the CCI system addresses on a daily basis are the main motivation for action. Of course, this does not mean we refuse to take a look at practices of chambers in other countries. We do, and we use their best practices in our work. This is the way it should be.

What are the most important decisions you make as a leader of your chamber?

These are the decisions aimed at reforming the Chamber: the elaboration and execution of the so-called Strategy 2020 and the creation of an Electronic CCI. These are also decisions to improve the management of CCI of Russia’s assets –the consolidation of core assets, the controlling stakes in the JSC Expocentre and JSC World Trade Center Moscow, and governance of their collegial executive bodies.

What is most important to your chamber – its mission, core values or vision?

These three notions are interrelated, so I think it would be wrong to view each of them as separate. The entire work of the Chamber is helping the Russian economy develop and integrate with the world economic system and to assist in the creation of favorable conditions for every type of entrepreneurial activity. We represent and stand for business interests in relations with the authorities. Yet, there is one important exception: while it is true that we are entrusted with defending, protecting and representing the interests of small, medium and large businesses, there is one essential condition: they must not run counter to public interests.

How do you motivate the chamber staff to share your vision?

The recipe is simple – openness and feedback. We plan and work to implement approved decisions as a team.

How do you encourage creativity in your chamber?

The most interesting and significant projects for the system are brought to life utilizing the financial capacity of the Fund for Support and Development of Chambers of Commerce and Industry under the CCI of Russia. In my opinion, seeing creative ideas, projects and proposals come to fruition is what employees of the CCI system and member entities find most rewarding.

What is the biggest challenge facing the chamber today?

Responding in a prompt and timely manner to the rapidly changing business environment in Russia and worldwide; suggesting to business and the authorities practical ways of overcoming unfavorable entrepreneurial conditions.

Can you explain the impact, if any, that social networking has had on the Chamber?

I would classify other Russian business associations and the Agency for Strategic Initiatives to Promote New Projects as CCI’s social network. Certainly, we deal with the majority of issues concerning domestic business together, while learning from one another and borrowing positive practices.

The CCI system maintains permanent contact with the authorities. The focal point is business, member entities united by chambers, and constant two-way communication between them. It is the interests of businessmen that determine the vector of operation of the system of chambers of commerce and industry.

What advice would you give other chambers?

Let’s be more active in our interactions. Russia is a big country. Please, work more actively with our territorial chambers and Russia’s regional business communities, and you will see enormous opportunities unfold for you and your businessmen.

What are you doing to ensure that the chamber continues to grow?

The development of our chamber fully reflects the developmental level of entrepreneurship; the chamber is a mirror of the economy of the region and the country. This is why we aspire to create the most advantageous business climate. This naturally includes providing new services that are in demand by the business community and expanding the geographic presence of the CCI.

What legacy do you want to leave behind?

There is, perhaps, no such legacy. There are problems that need to be solved. This is part of the daily routine.

What the CCI of Russia and its leaders have always done has met the spirit of a particular period of time and always served the interests of business and the benefit of Russia.

What do you consider to be the biggest challenge in operating the chamber?

To maximally provide for the interests of all our member entities, irrespective of what sector they belong to, the area in which they operate or their size.

What can the chamber do to widen its membership base?

In fact, just one thing: to become the place – or home, if you wish ­– where a businessman will feel needed and can receive support, services and protection. But this is not an easy thing to do.